NEW YORK–New revisions to the Paycheck Protection Program appear to be a victory for the most vulnerable small businesses, offering more generous relief to companies like Solo Ventures that were eligible for only tiny loans if eligible at all.
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WASHINGTON– A representative of the American Institute of CPAs testified before Congress about challenges small businesses and non-profits continue to face with the Paycheck Protection Program application process.
WASHINGTON—Ahead of a House Small Business Committee hearing to examine the Small Business Administration's (SBA) Paycheck Protection Program (PPP), NAFCU outlined the ways credit unions have helped their communities through the program and offered recommendations it said will ensure maximum efficiency.
WASHINGTON–The approaching Paycheck Protection Program expiration date should not leave small businesses or nonprofits stranded, the Independent Community Bankers of America (ICBA) told Congress.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased in February by 1.2 points to 76.5. Four of the HPSI’s six components fell month over month, including most notably the homebuying conditions and household income components.
ALEXANDRIA, Va. – NCUA Chairman Todd Harper called on federally insured credit unions to do all they can to advance economic equity and justice during remarks delivered to a Town Hall hosted by Inclusiv.
ALEXANDRIA, Va.–Two months after the NCUA board approved two proposals, the agency has now opened up the comment window feedback on its proposal to simplify rules on risk-based capital and to add an “S” to the CAMEL rating system.
WASHINGTON—The Federal Trade Commission is launching a new initiative aimed at partnering with community legal aid organizations to expand its outreach to lower-income communities to encourage them to report fraud.
ALEXANDRIA, Va.–NCUA will host a webinar on March 24 about potential areas of credit risk resulting from the COVID-19 pandemic.
WASHINGTON—CUNA said it strongly supports the Federal Housing Finance Authority’s (FHFA) efforts to build a strong enterprise liquidity framework, it wrote to the agency in response to an FHFA proposal to implement four liquidity and funding requirements for Fannie Mae and Freddie Mac.