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Small Business Small Business Loans Compliance

Nutter McClennen & Fish LLP

Nutter Bank Report: June 2024

The CFPB, as part of its initiative to accelerate the shift to open banking in the United States, issued a final rule on June 5 that outlines the qualifications to become a recognized industry standard setting body, which can...more

Moore & Van Allen PLLC

LEGAL ALERT Re: Consumer Financial Protection Bureau’s Small Business Lending Data Collection under the Equal Credit Opportunity...

Moore & Van Allen PLLC on

The Consumer Financial Protection Bureau (the “CFPB”) has published a final rule implementing the requirements of Section 1071 of the Dodd-Frank Act (the “Final Rule”), which mandated data collection on certain credit...more

Lowenstein Sandler LLP

FAQ 46 & 47: Crime & Punishment (or the Lack of Either) for PPP Loans Large and Small

Lowenstein Sandler LLP on

With one day to spare before the May 14 “Limited Safe Harbor” expires, the SBA released FAQ #46 (May 13) to explain the process of how the SBA will review Paycheck Protection Program (PPP) loans. The new FAQ, unfortunately,...more

Greenbaum, Rowe, Smith & Davis LLP

SBA Issues New Guidance Providing Safe Harbor for Paycheck Protection Program Loans Under $2 Million; Extends Repayment Deadline...

The Small Business Administration (SBA) is providing ongoing updates to its guidance documents regarding the Paycheck Protection Program (PPP). While many questions remain regarding the loan program, on May 13, 2020 the SBA...more

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