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SBA details tax reporting on covered 7(a) payments

SBA details tax reporting on covered 7(a) payments The SBA issued a notice on the six months of 7(a), 504, and Microloan payments it is making for borrowers under Section 1112 of the CARES Act. The...

Dec 09, 2020
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Article
Advocacy

Bowman: Fed to offer best practices on fintech partnerships

Bowman: Fed to offer best practices on fintech partnerships The Federal Reserve plans to publish a white paper early next year on community bank partnerships with fintech companies and effective...

Dec 07, 2020
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Article
Technology Fintech Innovation Fintech Regulation

ICBA urges Congress to pass 'beneficial owner' reform

ICBA urges Congress to pass 'beneficial owner' reform ICBA called on members of Congress to pass a compromise defense spending bill that includes a key step toward ICBA-advocated relief from...

Dec 07, 2020
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)

ARRC issues guide on LIBOR developments

ARRC issues guide on LIBOR developments The Alternative Reference Rates Committee released a guide and webinar recording on recent announcements on the transition from U.S. dollar LIBOR. The...

Dec 07, 2020
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Article
Lending