A conversation with Wendy Cai-Lee of de novo Piermont Bank on the unique needs of multigenerational family firms.
Browsing: Small business lending
Testifying before the Senate Banking Committee today, Treasury Secretary Steven Mnuchin said he would reach out to the Small Business Administration “this afternoon” about how they could further streamline the forgiveness process for Paycheck Protection program loans, though he signaled that additional legislation may be needed.
The IRS has issued new guidance directing lenders not to file information returns or furnish statements to borrowers to report the amount of qualifying loan forgiveness for covered loans made under the Paycheck Protection Program.
The Federal Reserve today clarified its expectations for lenders when underwriting Main Street Lending Program loans.
The American Bankers Association and 51 state bankers associations today urged the Treasury Department and the Small Business Administration to create a streamlined a Paycheck Protection Program loan forgiveness process.
With Congress deadlocked on a COVID-19 relief bill, the American Bankers Association and more than 100 financial service, business and nonprofit trades today urged lawmakers to pass standalone Paycheck Protection Program loan forgiveness legislation that would streamline the process for small business borrowers.
ABA and the North Carolina Bankers Association today released a new voter education ad thanking Sen. Thom Tillis (R-N.C.) for supporting the Paycheck Protection Program during the coronavirus pandemic.
The Consumer Financial Protection Bureau today issued an outline of the proposals it is considering for its rulemaking to implement Section 1071 of the Dodd-Frank Act, which concerns the collection of credit application data for women-owned, minority-owned and small businesses.
With Congress currently deadlocked on a COVID-19 relief bill, the American Bankers Association and 51 state bankers associations today urged lawmakers to support standalone Paycheck Protection Program loan forgiveness legislation that would streamline the process for small business borrowers.
The fourth season of the ABA Banking Journal Podcast kicks off with Minnesota community bank CEO Andy Schornack.