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Fair Lending - Banking Exchange
On July 4, President Trump signed S. 4116 extending the deadline for applying for a loan under the Paycheck Protection Program (PPP) from June 30 to August 8, 2020
Senators are debating a further, more targeted version of the successful Paycheck Protection Program
Survey finds those that invested in digitization before the pandemic were likely “most resilient” during the crisis
Northeast Bank will originate PPP loans until the June 30 deadline and sell them on to The Loan Source
Banking industry regulators have moved to temporarily reduce the amount banks will have to pay to fund the oversight agencies
Total deposits in FDIC-insured banks increased by a record $1.2 billion between January and March, data shows
$511 billion has been borrowed through the PPP, with smaller banks and lenders accounting for half of all loans
KBRA warns that stable delinquency rates could rise in the months ahead as banks have focused on short-term relief
Agriculture sector support comes through the same CARES Act legislation as the Paycheck Protection Program
Less than a quarter of homeowners in forbearance have managed to make payments for May, according to fintech firm Black Knight
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