As a part of Federal agencies’ issuance of their semi-annual Spring 2023 Regulatory Agenda, the CFPB has published its Spring 2023 Agency Rule List (“2023 List”). In that List, the CFPB has set forth the status of its...more
6/20/2023
/ Clean Energy ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Fair Credit Reporting Act (FCRA) ,
Fees ,
FIRREA ,
Interim Final Rules (IFR) ,
Libor ,
Notice of Proposed Rulemaking (NOPR) ,
Overdraft Fees ,
Quality Control Plan ,
Regulatory Agenda ,
Rulemaking Process ,
Small Business ,
Small Business Loans
The Office of Information and Regulatory Affairs in the Office of Management and Budget has released the Fall 2022 Unified Agenda of Regulatory and Deregulatory Actions (Agenda) reports on the actions administrative agencies...more
1/11/2023
/ Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Dodd-Frank ,
Excessive Fees ,
Fair Credit Reporting Act (FCRA) ,
FDIC ,
Finance Charges ,
Insufficient Funds ,
Mortgages ,
Notice of Proposed Rulemaking (NOPR) ,
OMB ,
Overdraft Fees ,
PACE ,
Proposed Regulation ,
Regulatory Agenda ,
Small Business Loans ,
Truth in Lending Act (TILA) ,
Valuation
On January 6, 2021, Treasury issued two new Interim Final Rules (IFRs) addressing the new Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act’s (Act) creation of PPP Second Draw Loans, and the Act’s various...more
To implement the changes to the PPP program contained in the recently enacted PPP Flexibility Act, Treasury has issued a new Interim Final Rule (IFR). It has also issued a revised forgiveness application form, worksheet and...more
On June 5, the President signed the PPP Flexibility Act. As first described in Buchalter’s previous ALERT, this new law creates the following adjustments to PPP requirements:
For loans entered into on or after the date the...more
By a near-unanimous 417-1 vote, the House has passed the PPP Flexibility Act, which if enacted would, among other things, extend the time to utilize Payroll Protection Program (PPP) loan proceeds and obtain forgiveness,...more
On May 22, Treasury issued a new Interim Final Rule (“IFR”) regarding Small Business Administration (“SBA”) Payroll Protection Program (”PPP”) loan forgiveness. Much of the IFR repeats information previously published by...more
The Treasury Department has issued a form application to be used for SBA Payroll Protection Program (PPP) borrowers to seek loan forgiveness, along with instructions for completing the form and an accompanying worksheet... ...more