Browsing: Small business

Compliance and Risk

In a comment letter to the Consumer Financial Protection Bureau today, the American Bankers Association offered feedback on a recent outline of the proposals the bureau is considering to implement Section 1071 of the Dodd-Frank Act, which concerns the collection of credit application data for women-owned, minority and small businesses.

Commercial Lending

In an interview with NPR Marketplace’s Kai Ryssdal Friday, former ABA Chair Laurie Stewart said that additional funding for the Small Business Administration’s Paycheck Protection Program would be appropriate as many small businesses continue to struggle due to the coronavirus and will likely face a very challenging winter.

Commercial Lending

A few days shy of a court-ordered Nov. 19 deadline for the Small Business Administration to release the names, addresses and precise loan amounts for all Paycheck Protection Program loan recipients and all COVID-19-related Economic Injury Disaster Loan recipients, the federal judge who issued the order temporarily stayed it.

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