Compliance

Bank of America was sued by plaintiffs alleging that the bank violated the CARES Act by prioritizing borrowers with existing lending relationships and did not allow applicants without such relationships…

Policymakers last week approved an extension to the small business loan program, bringing the total amount available to $659 billion

House of Representatives will vote on the bill this week after extensive lobbying by banks and financial institutions

Lawsuit alleges unfair business practices by prioritizing borrowers who were seeking larger loan amounts rather than a good faith effort to take business on a first come first serve basis

Amid the tumultuous economic conditions sparked by the coronavirus pandemic, we face looming expectation of a recession or economic downturn

The Paycheck Protection Program ran out of funds last week after approving more than 1.6 million applications

First National Bank of Omaha study reveals financial impact of the COVID-19 coronavirus pandemic

$248 billion has already been loaned to small businesses across the US, according to new data

As branches close, cut hours, or reduce services during the pandemic, Greenwich research highlights problems for traditional approaches

Banks will need to process approximately 50 times their normal annual volume in the next 30-60 days under the Paycheck Protection Program