One in 10 community banks planning to launch crypto services
Insights from the 2022 Federal Reserve/CSBS survey of community banks.
Browsing: SBA Paycheck Protection Program
SBA OIG calls out lack of guidance to lenders on PPP fraud
The U.S. Small Business Administration failed to provide lenders with “sufficient, specific guidance to effectively identify, track, address and resolve potentially fraudulent [Paycheck Protection Program] loans,” a new report by the SBA Office of the Inspector General found.
Podcast: James Ballentine reflects on his career in banking advocacy
After 22 years at ABA, the association’s top lobbyist James Ballentine will soon retire. In this special episode of the ABA Banking Journal Podcast, Ballentine reflects on lessons learned during his career in Washington and shares tips both on effective banking advocacy and on promoting diversity and inclusion in banking.
SBA Releases Strategic Plan for FY 2022-2026
The Small Business Administration’s strategic goals for FY 2022-2026 include providing an equitable and customer-centric delivery of programs to small businesses, building resilient businesses and a sustainable economy, and implementing strong stewardship of resources, according to a strategic plan released this week.
SBA Administrator Guzman Says Country Needs to Return to Work
Small Business Administration Administrator Isabella Casillas Guzman told bankers today at the American Bankers Association’s Washington Summit that to help small businesses, the country needs to return to work.
Podcast: Have the Cores Stepped Up to the Challenge?
During the CoreConnection session at ABA’s Conference for Community Bankers, core provider CEOs sounded notes that will sound familiar to those following the work of ABA’s Core Platforms Committee: open APIs, access to data and flexible and transparent contracts.
APIs: Enabling the Hybrid Banking Experience to Boost Customer Acquisition and Upgrade Internal Efficiency
“They give you the ability to enter different markets or partner with different companies, providing a funnel for new customers.”
PPP Borrowers May Request Review of Partially Forgiven Loans
The Small Business Administration announced that it will allow Paycheck Protection Program borrowers to request a loan review by SBA when the lender determines that the borrower is entitled to only partial forgiveness of the PPP loan.
Agencies Release 2020 CRA Data on Small Biz, Community Development Lending
The federal banking agencies today released 2020 Community Reinvestment Act data on small business, small farm and community development lending.
SEC Data Highlights Important Role of Banks in Small Business Capital Formation
Eighty-three percent of small businesses say they sought financial services from either large or small banks, according to new research published by the Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation last week.