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Leaders should be prepared to support long-term remote working in case of a second spike in virus cases, Deloitte says
The SBA has published details of how borrowers using the $669 billion lending program can have their loans forgiven
Financial institutions are now quickly shifting priorities to ensure they are equipped to conduct business in a changing environment while also dealing with the effects of a health crisis
Once again, lenders across the US have been inundated with applications and are struggling to keep up with demand
The bank has launched Regions Next Step to offer free online tools and resources for customers
Data indicates that banks have earned more than $20 billion in fees from processing PPP loans so far
The Financial Crimes Enforcement Network (FinCEN) has imposed a $450,000 civil money penalty on a former compliance / chief operational risk officer
The Paycheck Protection Program has provided loans to almost half of businesses in every state – and in some it has reached much more
Authorities have inquired about Wells Fargo’s handling of PPP loans, according to a regulatory filing
Some states are phasing out stay-at-home orders and allowing businesses to reopen after nearly two months of lockdown
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