Amid Rising Uncertainty, a Path Forward
A look at ABA’s government relations agenda for 2021
Tag: SBA Paycheck Protection Program
ABA Data Bank: PPP Loans Go to Firms with 10 Employees or Less
Out of nearly 1.7 million round 3 PPP loans, more than 1.3 million first and second draw loans have gone ...
Fed: Banks Remain Resilient Amid Pandemic Challenges
The nation’s banks “remain resilient” amid ongoing pressures brought on by the pandemic, the Federal Reserve said today in its ...
Bowman: Fed to Revisit Framework for Antitrust Analysis
In response to shifting market dynamics and increasing competition in the financial services industry, the Federal Reserve is contemplating changes ...
SBA Issues Procedural Notice on Addressing PPP Loan Error Codes
In response to recent reports of lenders receiving hold codes and compliance check error messages when submitting first- and second-draw ...
SBA Report: $101 Billion in PPP Loans Approved in 2021
Since the start of the year to Feb. 7, the Small Business Administration has approved 1.3 million loans totaling $100.9 ...
SBA Issues Updates on PPP Processing Fees, EIDL Advance Reconciliation Payments
The Small Business Administration tonight issued an updated procedural notice regarding the reporting process through while lenders report on Paycheck ...
Fed: 9 in 10 Small Businesses Seek Emergency Aid amid COVID-19 Hardships
The vast majority of small firms—95%—said that the coronavirus pandemic affected their business, with 26% reporting temporary closures, 56% reporting ...
SBA Report: $72.7 Billion in PPP Loans Approved in 2021
Since the start of the year to Jan. 31, the Small Business Administration has approved nearly 900,000 loans totaling $72.7 ...
