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Problem Loan Management – What is it?
In this three-part series, our goal is to provide considerations for evaluating the overall problem loan management function as we continue to navigate the economic impacts of the COVID-19 pandemic.
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Updates on PPP Loan Forgiveness
With new forms come new observations…see what Brittany Stern has to share about the new PPP forgiveness forms.
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Insights and Observations on Recent PPP Loan Originations
As we assist lenders with the latest round of PPP originations, we share our observations learned so far in the process.
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PPP Aspects of the Consolidated Appropriations Act, 2021 for Lenders
As we wait for SBA’s near-term guidance on administration of the revised PPP, read some of our current insights.
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$900 Billion Pandemic Relief Bill Awaits President’s Decision to Sign
As we wait for the President to sign the latest economic relief package, included are key provisions for financial institutions involved in PPP.
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Accounting considerations for Payroll Protection Program (PPP) loan forgiveness
Many of you are familiar with the blog post we shared with you in April 2020 focused on the accounting considerations of processing and funding PPP loans. We wanted to update that post with a larger focus on the forgiveness process. Our summary of the primary accounting considerations financial institutions should consider, during the forgiveness […]
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Accommodating Loan Modifications
Is your financial institution faced with additional loan modifications for borrowers impacted by COVID-19? Read our insights as you navigate these challenging times.
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Changes to FDICIA Audit Requirements
On October 20, 2020, the FDIC issued an interim final rule (IFR) to provide temporary relief from the financial statement audit requirements under FDICIA for banks that have experienced temporary growth due to participation in the Paycheck Protection Program (PPP), or other stimulus activities and programs. The IFR is effective immediately and appears to provide effective relief by allowing most institutions to […]
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Lender and Borrower Impacts of Newly Released Form 3508S
Last week’s interim final rule from SBA and Treasury introduced a new form to the PPP forgiveness process. Read on to see what it means for lenders and borrowers.
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Cybersecurity and Your Board
As we prepare for National Cybersecurity Awareness Month, my colleague Sundeep Bablani shares his insights on how to management and Boards can manage this risk.