Breaking: The Paycheck Protection Program has exhausted its $350 billion funding capacity, as U.S. lawmakers remain in a stalemate over how to allocate more money. Read more on Politico.
COVID-19, PPP updates CUs need to know about THE NEW YORK MINUTE
Letter to secretary of the Treasury outlines CUs concerns over PPP THE NEW YORK MINUTE
FFIEC releases updated sections, related examination procedures to Bank Secrecy Act/Anti-Money Laundering THE NEW YORK MINUTE
Jobless claims soar by 5.25 million to push coronavirus-tied layoffs above 20 million MARKETWATCH
Fed says backstop for small business loans fully operational REUTERS
Nation’s biggest banks setting aside billions for loan losses CUTODAY
Consumer bureau, housing finance agency to share mortgage servicing data in new Borrower Protection Program REGULATORY REPORT
Some banks keep customers’ stimulus checks if accounts are overdrawn NEW YORK TIMES
Court greenlights lender flexibility under PPP NEW YORK’S STATE OF MIND