North Dakota Bankers
Extraordinary Leadership for North Dakota Banks


News Archive for May 2020

Fed Expands Scope of ‘Main Street’ Program

Posted on: 5/1/2020
The Federal Reserve has expanded the scope of its Main Street Lending Program to accommodate more businesses ...

SBA Limits PPP Funds for Corporate Groups to $20 Million

Posted on: 5/1/2020
In an interim final rule, the SBA said it will limit the amount of Paycheck Protection Program loan ...

SBA to Audit PPP Loans Above $2 Million

Posted on: 5/1/2020
SBA will review all requests for forgiveness of PPP loans in excess of $2 million to “further ...

Agencies Issue Statement on Cloud Computing Security

Posted on: 5/1/2020
With many banks moving some or all employees to remote work arrangements and accessing more cloud-based ...

FDIC Proposes Rule to Facilitate Bank Participation in PPP, Money Market Facilities

Posted on: 5/13/2020
To help provide certainty to banks participating in the Paycheck Protection Program and its associated ...

SBA Releases Borrower Application, Instructions for PPP Loan Forgiveness

Posted on: 5/18/2020
The SBA and Treasury Department have released the application that borrowers must complete to have their ...

SBA Announces Safe Harbor for PPP Borrowers with Loans for Less than $2M

Posted on: 5/18/2020
Following the recent announcement that the SBA would review any PPP loans made in amounts exceeding ...

State Associations Raise Concerns Over ‘Burdensome’ PPP Forgiveness Application

Posted on: 5/29/2020
NDBA along with the other fifty state bankers' associations have raised concerns that the forgiveness ...

House Passes Bill Providing Flexibility for PPP Borrowers

Posted on: 5/29/2020
The House today passed a bipartisan bill that would provide greater flexibility for Paycheck Protection ...

$10B PPP Funds Allocated for CDFIs

Posted on: 5/29/2020
To help ensure that PPP funds reach all small businesses in need, the Small Business Administration ...

Boston Fed Releases MSLP Forms, Updated FAQs

Posted on: 5/29/2020
The Federal Reserve Bank of Boston has released several borrower and lender documents for the Fed’s ...

ARRC Releases ‘Best Practices’ for Libor Transition

Posted on: 5/29/2020
The Alternative Reference Rates Committee yesterday issued a set of best practices to help market participants ...

IRS Reminds Consumers They May Receive EIPs Via Prepaid Debit Cards

Posted on: 5/29/2020
The IRS has issued a reminder to consumers still awaiting their CARES Act economic impact payment that ...

Agencies Issue FAQs on Coronavirus, Community Reinvestment Act Activities

Posted on: 5/29/2020
The OCC has released a list of 13 interagency frequently asked questions related to the Community Reinvestment ...

News Archive

  2024   Jan  Feb  Mar  Apr  May  Jun  
  2023   Apr  Jun  Jul  Aug  Sep  Oct  Nov  
  2021   Jan  May  Jul  Dec  
  2020   Mar  Apr  May  Jul  Aug  
  2019   Oct  Nov  Dec  

Designed and developed by Odney