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Banking News
CFPB Issues No-Action Letter Templates to Encourage Innovative Offerings (5/26/2020) 
The CFPB issued two no-action letter templates to help institutions make their own NAL applications.
 
SBA Issues Rules on PPP Loan Forgiveness, Lender Responsibilities (5/26/2020) 
The SBA released interim final rules describing the loan forgiveness process.
 
USDA to Guarantee $1 Billion in Loans for Rural Businesses, Ag Producers (5/22/2020) 
The USDA announced it will make available up to $1 billion in loan guarantees for ag producers.
 
SBA Releases Long-Awaited Guidance on Form 1502 for PPP Processing Fees (5/22/2020) 
The SBA issued guidance to Paycheck Protection Program lenders on filing Form 1502.
 
NEW: SBA Releases Long-Awaited Guidance on Form 1502 for PPP Processing Fees (5/21/2020) 
The SBA has just issued guidance to Paycheck Protection Program lenders on filing Form 1502.
 
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