NY Minute: Thursday, April 16


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.

star3 COVID-19, PPP updates CUs need to know about THE NEW YORK MINUTE

star3 Letter to secretary of the Treasury outlines CUs concerns over PPP THE NEW YORK MINUTE

star3 FFIEC releases updated sections, related examination procedures to Bank Secrecy Act/Anti-Money Laundering THE NEW YORK MINUTE

star3 Jobless claims soar by 5.25 million to push coronavirus-tied layoffs above 20 million MARKETWATCH

star3 Fed says backstop for small business loans fully operational REUTERS

star3 Nation’s biggest banks setting aside billions for loan losses CUTODAY

star3 Consumer bureau, housing finance agency to share mortgage servicing data in new Borrower Protection Program REGULATORY REPORT

star3 Some banks keep customers’ stimulus checks if accounts are overdrawn NEW YORK TIMES

star3 Court greenlights lender flexibility under PPP NEW YORK’S STATE OF MIND

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