Treasury, IRS: Economic Impact Payments to Begin Next Week
As required by the CARES Act, the Treasury Department and the IRS will begin issuing economic impact payments to Americans ...
Tag: Coronavirus
Agencies to Incorporate CARES Act Changes into March 31 Call Report
In a letter to bank CEOs last night, the federal banking agencies restated that they would not take action against ...
Fannie, Freddie Revise Coronavirus Servicing Guidance to Reflect CARES Act Changes
Fannie Mae and Freddie Mac have issued updates to their servicing guidelines for servicers working with borrowers affected by the ...
Nichols Discusses Industry Progress on PPP Loans in Bloomberg Radio Interview
The nation’s banks are playing a vital role in delivering coronavirus relief funds to struggling businesses, American Bankers Association President ...
Fed Unveils $2.3 Trillion More in Lending Capacity, Details ‘Main Street’ Program
The Federal Reserve is deploying its emergency lending powers to “an unprecedented extent,” Federal Reserve Chairman Jerome Powell said in ...
Fed to Create Lending Facility for PPP; Agencies Provide Regulatory Capital Relief
As reported earlier this week, the Federal Reserve is creating a lending facility for banks providing loans under the Paycheck ...
ABA’s Benda Publishes Paper on COVID-19 Surface Contamination Risks
As banks manage the risks associated with physical transmission of the novel coronavirus, ABA SVP Paul Benda has authored a ...
Podcast: Long-Term Fintech Investments Strengthen Bank During Pandemic
Ed Francis talks about how InBank's technology investments have positioned the company to serve its customers and thrive long-term, even ...
FOMC Members: Coronavirus Pandemic ‘Not Directly Comparable’ with 2008 Financial Crisis
The near-term U.S. economic outlook “deteriorated sharply” and became “profoundly uncertain,” prompting the Federal Open Market Committee to drop interest ...
Latest SBA Guidance Clarifies PPP Funding Period, Use of Promissory Notes
Newly added FAQs from the Small Business Administration and the Treasury Department address two challenges with the Paycheck Protection Program ...
