On October 7, 2020 the Small Business Administration (“SBA”) added the following general FAQ #52 to the Paycheck Protection Program Loans (“PPP”) FAQ for Lenders and Borrowers. Question: The Paycheck ...
On October 2, 2020 the Small Business Administration (“SBA”) issued a Procedural Notice outlining what constitutes “Changes of Ownership” with respect to Paycheck Protection Program (“PPP”) borrowers, and the conditions ...
Today marks the inaugural publication of Secured Overnight Financing Rate (SOFR) Averages and a SOFR index by the Federal Reserve Bank of New York (New York Fed). The New York ...
Today, the Federal Deposit Insurance Corporation (“FDIC”) announced the members for the new Advisory Committee of State Regulators (“ACSR”). In November of 2019, the FDIC Board approved the establishment of ...
The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (the “Agencies”) adopted a final rule related to ...
Last week, the U.S Senate voted to approve legislation extending the National Flood Insurance Program. The Program, set to expire September 30th, will be extended through November 21, 2019. This ...
The Secretary of State adopted four rules related to the filing of Uniform Commercial Code (UCC) documents. The amendments specify that all UCC liens and effective financing statement liens under ...
The IRS recently revised Form 4506 Request for Copy of Tax Return (rev. March 2019). The revisions are minimal text changes only, which include correcting the reference to “line 5” ...
The IRS recently revised Form 4506-T Request for Transcript of Tax Return (rev. March 2019). The revisions are minimal text changes only, which include correcting the reference to “line 5” ...
On March 12, 2019, the Consumer Financial Protection Bureau (“CFPB”) published the 18th edition of its Supervisory Highlights. The purpose of the Supervisory Highlights is to aid CFPB supervised entities ...