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Find the latest news, FAQs, agency responses, media resources, and information on hurricane preparedness, industry responses to the coronavirus pandemic, PPP lending and much more here.
President Joe Biden on Monday criticized the Paycheck Protection Program because small businesses struggled to get loans that instead went to larger companies, and announced a 14-day exclusive loan program using PPP funds for businesses with under 20 employees to apply for financial assistance.
Federal regulators issued final call report changes related to asset threshold relief given the impact of Paycheck Protection Program lending on bank balance sheets.
Treasury Secretary Janet Yellen said Thursday that a major stimulus package is necessary for the economy to recover from the Covid-19 pandemic even amid strong economic momentum to start 2021.
Insured depository institutions under $10 billion in assets in 2021 have approved more than 740,000 Paycheck Protection Program loans worth $60.7 billion, according to the latest SBA data issued this week.
ICBA updated its "Return to the New Normal" guide featuring suggestions to help community banks resume more normal operations and person-to-person services amid the COVID-19 pandemic.
A new report published in the New England Journal of Medicine on Wednesday suggests that Pfizer-BioNTech’s Covid-19 vaccine can protect people against concerning new coronavirus variants, including one first seen in South Africa called B.1.351.
