News Archive for Apr 2020
Posted on: 4/1/2020
The Treasury Department has issued much-anticipated guidance for the Paycheck Protection Program, which ...
Posted on: 4/1/2020
On Saturday, March 28, the Cybersecurity and Infrastructure Security Agency issued updated guidance, ...
Posted on: 4/1/2020
ABA has prepared an executive summary of the CARES Act—the $2 trillion stimulus package to provide ...
Posted on: 4/1/2020
The federal banking agencies have announced two actions intended to help banks ensure the continued ...
Posted on: 4/3/2020
The SBA has issued an interim final rule that provides additional implementation guidelines ...
Posted on: 4/8/2020
The Treasury Department has updated its frequently asked questions on the Small Business Administration’s ...
Posted on: 4/8/2020
In order to facilitate PPP loans, the Federal Reserve will soon create a facility to provide term financing ...
Posted on: 4/8/2020
As required by Section 4012 the CARES Act, the federal banking agencies have temporarily lowered the ...
Posted on: 4/8/2020
The Financial Crimes Enforcement Network has issued a statement regarding banks’ Bank Secrecy ...
Posted on: 4/14/2020
In a letter to bank CEOs, the federal banking agencies restated that they would not take action against ...
Posted on: 4/14/2020
To help facilitate the timely, efficient and secure disbursement of the?CARES Act economic impact payments, ...
Posted on: 4/14/2020
A federal judge in Maryland has declined to issue an injunction requiring Bank of America to accept ...
Posted on: 4/14/2020
The Small Business Administration and the Treasury Department updated their Paycheck Protection Program ...
Posted on: 4/14/2020
The Small Business Administration and Treasury Department have provided guidance clarifying lenders’ ...
Posted on: 4/15/2020
With independent contractors and the self-employed now applying for Paycheck Protection Program loans, ...
Posted on: 4/15/2020
The SBA and the Treasury Department issued three new FAQs Monday afternoon. One of the newly added FAQs ...
Posted on: 4/16/2020
The Small Business Administration will stop accepting applications for Paycheck Protection Program loans ...
Posted on: 4/16/2020
NDBA joined the 51 state bankers associations in a letter to House and Senate leaders urging them to ...
Posted on: 4/16/2020
The IRS has launched a second online tool that enables consumers who have previously filed a tax return ...
Posted on: 4/20/2020
Sales of PPP loans into the secondary market do not require SBA approval, the agency and the Treasury ...
Posted on: 4/20/2020
Following clarification from the Small Business Administration and Treasury Department that bank directors ...
Posted on: 4/20/2020
As of April 16, when funding for the program was exhausted, the Small Business Administration had approved ...
Posted on: 4/23/2020
The Federal Housing Finance Agency has announced that it will purchase qualified single-family mortgages ...
Posted on: 4/23/2020
As scientists and public health experts learn more about how the novel coronavirus spreads and how patients ...
Posted on: 4/23/2020
Nearly 8,000 small business owners who applied for Economic Injury Disaster Loans from the Small Business ...
Posted on: 4/23/2020
In a letter to congressional leaders, NDBA joined the other state bankers associations in flagging “opportunistic ...
Posted on: 4/23/2020
After bipartisan negotiations, the Senate unanimously passed legislation to provide more than $320 billion ...
Posted on: 4/24/2020
The Federal Housing Finance Agency confirmed that Federal Home Loan Banks may accept PPP loans ...
Posted on: 4/24/2020
The American Institute of CPAs has issued recommendations aimed at a common understanding of how accountants ...
Posted on: 4/24/2020
In the wake of media reports of some firms qualifying for PPP loans despite having access to capital ...