Lending

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Greg Feldberg
May 29, 2020 9:00 AM

The takeaway from the PPP rollout is that bankers must protect their reputations and limit their risk appetites as they participate in further government-backed rescue programs.

5 Min Read
Paycheck Protection Program-CARES Act-Bloomberg News
Kimberly Foss
April 30, 2020 9:37 PM

As soon as the program was announced, I not only advised my small business clients to apply; I also tried to figure out how to take advantage of it myself.

3 Min Read
After receiving extensive feedback, the Fed will make the program available to companies with up to 15,000 employees or $5 billion in annual revenue, the agency said Thursday.
April 30, 2020 10:26 AM

The Main Street Lending Program, announced on April 9 as an option to help U.S. businesses weather the coronavirus outbreak, will be available to a wider array of companies than previously planned.

2 Min Read
Kate Fitzgerald
April 28, 2020 11:08 AM

Fintechs in the payments industry saw problems coming when the CARES Act’s SBA Paycheck Protection Program opened the floodgates for millions of coronavirus-stricken small businesses to apply for loans.

2 Min Read
The statement from the five agencies, including the Federal Reserve, said short-term loan modifications can include payment deferrals, fee waivers, extensions of repayment terms and other insignificant payment delays.
March 22, 2020 6:49 PM

Accommodations for borrowers affected by the coronavirus pandemic, such as payment delays and fee waivers, are "positive and proactive actions that can manage or mitigate adverse impacts," the regulators said.

1 Min Read
Fed Chairman Jerome Powell has suggested that the central bank could issue more forward guidance and direct more asset purchases. But Powell has also urged the White House and Congress to take actions on their own.
March 17, 2020 4:12 PM

The Federal Reserve's support for the commercial paper market made clear that it was willing to go beyond cutting interest rates, but the central bank may feel pressure to do even more as the crisis worsens.

6 Min Read
The Fed's latest action came amid calls from several market observers for the central bank to do more to prop up markets in the face of the virus scare.
March 17, 2020 11:07 AM

The central bank said it was establishing the Commercial Paper Funding Facility to "support the flow of credit to households and businesses."

2 Min Read
Jackie Stewart
March 10, 2020 5:00 AM

There may only be so much institutions can do if the outbreak affects borrowers' ability to repay credit.

5 Min Read