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Fed extends rule allowing PPP loans to directors
Fed extends rule allowing PPP loans to directors The Federal Reserve Board again extended its rule allowing certain bank directors and shareholders to apply to their banks for Paycheck Protection...
Smaller lenders continue leading PPP lending
Smaller lenders continue leading PPP lending Insured depository institutions under $10 billion in assets in 2021 have approved more than 608,000 Paycheck Protection Program loans worth $39.4...
SBA begins EIDL repayments today
SBA begins EIDL repayments today The SBA today will begin remitting reconciliation payments for Paycheck Protection Program loans with a forgiveness payment that was reduced by the amount of an...
Consumer fraud losses surge in 2020: FTC
Consumer fraud losses surge in 2020: FTC The Federal Trade Commission said it received more than 2.1 million fraud reports from consumers in 2020. Consumers reported losing more than $3.3 billion...