CEO Q&A: Healing ‘Pain Points’ for Family Businesses
A conversation with Wendy Cai-Lee of de novo Piermont Bank on the unique needs of multigenerational family firms.
Browsing: Small business lending
Mnuchin: Additional Legislation Needed to Streamline PPP Forgiveness Process
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.
IRS Exempts Lenders from Reporting PPP Loan Forgiveness
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.
Fed Updates Main Street Lending Program FAQs
The Federal Reserve today clarified its expectations for lenders when underwriting Main Street Lending Program loans.
ABA, 51 State Bankers Associations Urge Treasury, SBA to Streamline PPP Forgiveness
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.
ABA, Trade Groups Urge Lawmakers to Support Bills to Streamline PPP Loan Forgiveness
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, NCBA Release New Ad Highlighting Sen. Tillis’ Support for PPP
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.
CFPB Previews Section 1071 Proposals Under Consideration
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.
ABA Urges Lawmakers to Advance Standalone PPP Loan Forgiveness Legislation
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.
Podcast: Giving Emerging Community Bank Talent ‘Opportunities to Shine’
The fourth season of the ABA Banking Journal Podcast kicks off with Minnesota community bank CEO Andy Schornack.