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…

Bank granted ‘temporary and narrow’ relief from 2018 balance sheet restrictions to aid small business loan program

Complex regulations and required manpower are pushing costs higher, but fraud attempts are rising

The government’s $349 billion small business support package is facing issues already, according to reports

The bank is targeting $10 billion in PPP loans but is restricted by measures put in place following the fake accounts scandal

While regional banks were embracing small business loans, the U.S. government sparred with the top four regarding the program as larger banks did not show enthusiasm

Banks should not be pushing for a delay to new rules regarding accounting for credit losses, according to KBRA

President Donald Trump has signed into law the Coronavirus Aid, Relief, and Economic Security Act. The details will help keep the banking industry stable.

Its full time employees would receive extra compensation of $600 if they make less than $100,000 a year

Trade groups want regulators to delay the introduction of CECL rules and changes to emergency loan programs