Nichols Calls for Adjustments to KYC Rules to Facilitate PPP Loans
Temporary adjustments to “know your customer” and anti-money laundering requirements are “key” to speeding up the rate at which banks ...
Tag: Coronavirus
The Spanish Flu Pandemic and the U.S. Economy
The Spanish flu was inherently more lethal, and medical technology was far less advanced a century ago. But the flu, ...
CNBC Story Spotlights Banks’ Efforts to Complete PPP Loans
A CNBC story published today documents the herculean efforts by many banks to process, approve and fund loans through the ...
ABA Asks FCC to Provide Immediate Relief to Facilitate COVID-19-Related Calls
As banks seek to contact customers with COVID-19-related information, the American Bankers Association asked the Federal Communications Commission on Friday ...
Ginnie Mae Expands Pass-Through Assistance Program to Prevent Liquidity Shortfalls
Ginnie Mae has released guidance on its previously announced liquidity support program, which issuers can request an advance from Ginnie ...
Nichols to Small Businesses: Reach Out to Your Lender for Coronavirus Assistance
Despite a choppy start to the Small Business Administration’s Paycheck Protection Program over the past week, ABA President and CEO ...
SBA, Treasury Provide Guidance on Final Authorization of PPP Loans
The Small Business Administration and the Treasury Department last night updated their Paycheck Protection Program FAQ document to address a ...
CFPB Provides Remittance Rule Relief Through 2020
As part of its policy response to the coronavirus pandemic, the Consumer Financial Protection Bureau today said it would provide ...
Rep. Kustoff Flags Technical Complication with SEC Interpretation of CECL Delay
In a letter to SEC Chairman Jay Clayton this week, Rep. David Kustoff (R-Tenn.) urged the agency to rethink its ...
Quarles: Fed to Consider Performance Through Pandemic in Stress Tests
The Federal Reserve will incorporate banks’ performance in the economic fallout of the coronavirus pandemic into the ongoing 2020 stress ...
