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The Consumer Financial Protection Bureau issued a policy statement outlining the process of applying for early termination of administrative consent orders.
For consent orders to be terminated early, applicants must demonstrate that they meet certain threshold eligibility criteria, have fully complied with the terms, and have a satisfactory compliance management system in applicable areas.
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ICBA President and CEO Rebeca Romero Rainey urged community bankers to call their members of Congress and enlist the support of small-business contacts on behalf of PPP forgiveness legislation.
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Oct 5, 2020
The FDIC told a group of House Republicans that it is exploring options to address the impact of Paycheck Protection Program loans on bank and bank holding company asset thresholds.
ImageOct 5, 2020
The SBA issued a notice on the required procedures for changes of ownership of Paycheck Protection Program borrowers.
ImageOct 5, 2020
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