Industry Groups Call for CDFI Funding in Next Stimulus Package
Noting the pivotal role that community development financial institutions play in stabilizing local economies and creating jobs in low- and ...
Tag: Coronavirus
SBA Unveils New Lender Gateway to Facilitate PPP Loans
In response to the significant operational challenges banks have experienced this week accessing the SBA’s systems to make PPP loans, ...
Agencies Update Guidance on COVID-19 Loan Modifications
The federal banking agencies today updated guidance on working with borrowers affected by the coronavirus pandemic.
Congress Moving to Allocate More Funds for PPP Loans
In response to surging demand from small businesses, congressional leaders hope to allocate up to $250 billion more for the ...
IRS Offers Coronavirus Resources on Economic Impact Payments, Fraud
With the government soon to be releasing economic impact payments to individuals and families, the IRS has created several resources ...
Fed Survey: Most Small Businesses Lack Cash Reserves to Cover Long-Term Revenue Loss
Seventeen percent of small businesses said that they would have to close down or sell if they experienced two-month loss ...
OCC Supports FinCEN’s Approach to BSA Compliance During Pandemic
The OCC today issued a statement of support for the Financial Crimes Enforcement Network’s approach to Bank Secrecy Act compliance ...
SBA Releases Promissory Note, New FAQs on PPP Implementation
The Small Business Administration tonight released a long-awaited promissory note form for use with Paycheck Protection Program loans. Overnight, the ...
Five Steps to Become an All-Weather Bank Brand
In times of crisis, take proactive steps to observe, listen and advise to ensure your institution develops a positive, lasting ...
Registration for Participation in Fed’s Commercial Paper Funding Facility Now Open
The Federal Reserve Bank of New York today opened the registration process for the new commercial paper funding facility that ...
