Banking agencies, regulators respond to rocky PPP launch
The SBA and Treasury Department worked with bankers through the weekend to answer questions as lenders provide essential credit to small business customers. [Continue]
The SBA and Treasury Department worked with bankers through the weekend to answer questions as lenders provide essential credit to small business customers. [Continue]
The Small Business Administration modified guidelines for its Paycheck Protection Program in order to encourage community banks to participate in the program. [Continue]
More than 6.65 million people filed new unemployment claims in the week ending March 28. This doubled the record set the previous week of 3.3 million claims. [Continue]
The Small Business Administration and the Treasury Department are mobilizing banks to get $349 billion in capital to small businesses as part of the national stimulus program. [Continue]
Federal agencies are extending grace periods for submitting documents and encouraged small-dollar lending as economic conditions remain uncertain. [Continue]
The White House and the senate reached an agreement on a coronavirus stimulus package on March 25, which aims to keep the nation from falling into a recession due to the COVID-19 crisis. [Continue]
The U.S. Faster Payments Council named Reed Luhtanen, payments expert and industry veteren, as its executive director on March 25. [Continue]
The FDIC Chairman Jelena McWilliams sent a letter March 19 to the Financial Accounting Standards Board urging a delay in the implementation of CECL given the economic environment caused by the COVID-19 pandemic. [Continue]
Federal regulators approved an industrial loan company application from Square, Inc., despite opposition from an FDIC board member and the ICBA. [Continue]
Banks in Iowa and Minnesota announced new programs and donations which will benefit employees and community members during the COVID-19 pandemic. [Continue]