Fed Updates Main Street Lending Program FAQs
The Federal Reserve today clarified its expectations for lenders when underwriting Main Street Lending Program loans.
Browsing: Small business
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, 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.
ABA, FBA Unveil New Ads Highlighting Rep. Murphy’s Support for Small Biz
ABA and the Florida Bankers Association today began running new voter education ads thanking Rep. Stephanie Murphy (D-Fla.) for her support for Florida families and small businesses during the coronavirus pandemic.
SBA Releases New PPP Forgiveness FAQs, Lending Data
The Small Business Administration today released a new set of frequently asked questions regarding the forgiveness of Paycheck Protection Program loans and reflecting recent changes to the program that were included in the PPP Flexibility Act.
ABA Seeks Tax Reporting Exemption for PPP Loan Forgiveness Income
The American Bankers Association today wrote to congressional leaders urging them to exempt Paycheck Protection Program forgiveness income from tax reporting.
ABA, State Associations Urge Passage of Streamlined PPP Forgiveness House Bill
The bill is expected to significantly reduce the paperwork burden for a vast majority of PPP borrowers.
ABA, State Associations Call for Guidance on Payment of Agent Fees for PPP Loans
The American Bankers Association and all 51 state bankers associations wrote to the Treasury Department and the Small Business Administration today urging formal guidance to address confusion regarding fees paid to agents who process PPP applications.