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SBA issues new PPP rule, applications

SBA issues new PPP rule, applications The SBA released its new interim final rule and new application forms implementing Paycheck Protection Program changes for sole proprietors and other borrowers...

Mar 04, 2021
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Article
Advocacy Crisis Preparedness Lending

Romero Rainey: ICBA pressing PPP reforms

Romero Rainey: ICBA pressing PPP reforms While Congress is fast-tracking the next stimulus package, problems with existing recovery programs remain unaddressed, ICBA President and CEO Rebeca Romero...

Mar 04, 2021
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Article
Advocacy Crisis Preparedness Lending

Meeting with constituents during CUNA’s virtual GAC? Here are some things to consider.

Meeting with constituents during CUNA’s virtual GAC? Here are some things to consider. Credit unions were created and granted a substantial tax exemption to serve “people of modest means.” However,...

Mar 02, 2021
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Article
Credit Unions

SBA: New PPP rule coming soon

SBA: New PPP rule coming soon The SBA said it will "soon" publish a new Paycheck Protection Program interim final rule and issue a new application for Schedule C filers. Until then, it issued the...

Mar 02, 2021
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Article
Advocacy Crisis Preparedness Lending

Fed issues continuity tips for storm season

Fed issues continuity tips for storm season In a new post, the Federal Reserve provided resources on pre-storm planning, storm watching, and post-storm procedures The Federal Reserve released tips...

Mar 02, 2021
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Article
Advocacy Risk

FS-ISAC Coronavirus Update, March 2, 2021

FS-ISAC Coronavirus Update, March 2, 2021 he $900 billion Covid relief bill passed in December with $600 stimulus checks and extra unemployment benefits, helped lift about 1.6 million Americans out...

Mar 02, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

IRS issues guidance on employee retention credit

IRS issues guidance on employee retention credit The IRS issued guidance for employers claiming the employee retention tax credit under the CARES Act. The guidance includes clarifications and...

Mar 02, 2021
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Article
Advocacy Crisis Preparedness

SBA: PPP changes effective this week

SBA: PPP changes effective this week The SBA this week plans to issue an interim final rule detailing and implementing pending changes to the Paycheck Protection Program. The SBA this week plans to...

Mar 01, 2021
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Article
Advocacy Crisis Preparedness Lending