On Friday, the House passed—and President Trump signed into law—the CARES Act, a $2 trillion stimulus package to provide relief to American consumers and businesses struggling as a result of the coronavirus pandemic.
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The Senate unanimously passed a sweeping $2 trillion stimulus package to provide relief to American consumers and businesses struggling as a result of the coronavirus pandemic.
As the Senate moved closer to passage of a coronavirus relief package today, ABA joined a coalition of financial services trades in a letter to U.S. Small Business Administrator Jovita Carranza seeking “clear and consistent guidance” on how SBA intends to enact forthcoming changes to its 7(a) loan program.
In its most sweeping move yet to prop up the U.S. economy amid the coronavirus pandemic and public health response, the Federal Reserve this morning unveiled several new facilities to support the flow of up to $300 billion in financing to households and businesses and committed to quantitative easing “in amounts needed” to support market functioning.
As negotiations continued on Capitol Hill this weekend over the latest coronavirus aid package, a group of financial services trade associations—including the American Bankers Association—called for enhancements to SBA and USDA loan programs.
Addressing four myths about the business opportunities and compliance realities of cannabis banking.
Amid the global coronavirus pandemic—and a massive response by policymakers—how can community banks best meet customer and employee needs while managing their balance sheets and loan portfolios?
In response to the coronavirus pandemic, the Small Business Administration today revised its criteria for states or territories seeking an economic injury declaration.
The American Bankers Association today supported legislation to ensure that small business can continue to access much-needed capital as they weather the economic effects of the coronavirus pandemic.
The Small Business Administration has issued a final rule implementing ABA-supported legislation to strengthen the agency’s oversight of its loan programs and increase its maximum lending authority.