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Banking News
Federal Banking Agencies Issue FAQs on Suspicious Activity Reporting (1/22/2021) 
The federal banking agencies issued a set of frequently asked questions providing clarity about suspicious activity reporting and other anti-money laundering issues.
SBA Issues FAQs on Revenue Reduction, Loan Calculations for 2nd Draw PPP Loans (1/21/2021) 
The SBA issued a set of frequently asked questions that address how to calculate revenue reduction and maximum loan amounts for second-draw PPP loans.
Biden Orders Halt to Regulations in Process (1/21/2021) 
On President Biden’s first day in office, the White House issued a memo directing “executive departments and agencies” to freeze any pending regulations not yet published in the Federal Register.
SBA Updates Rules, Forms for PPP Loan Forgiveness (1/20/2021) 
The SBA released revised loan forgiveness forms for the Paycheck Protection Program.
In Advance of Full PPP Reopening, SBA Issues Flurry of Guidance, Notices (1/19/2021) 
With the PPP portal reopening for all lenders, the SBA released guidance and notices.
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