More about Susan Sabo
Blog Posts by Susan Sabo:
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New Crisis = New Safety and Soundness Standards, Part 2
We continue our review of the latest interagency examiner guidance by exploring PPP Loans, Credit Modifications, Nonaccrual Loans, and the ALLL/ACL. R
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New Crisis = New Safety and Soundness Standards
With the release of interagency examiner guidance for assessing safety and soundness, many financial institutions should take time to assess their readiness for upcoming examinations.
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PCI Compliance for Financial Institutions
Are you performing your PCI compliance scans? Are you storing credit card numbers in your core system, processing credit card payments, or have agreements with major card brands such as VISA or MasterCard? Check out this blog to ensure you are passing the PCI Data Security Standards.
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The Impact of the PPP Flexibility Act and Related SBA Releases of Updated Form 3508
The Paycheck Protection Program continues to evolve and the passage of the Paycheck Protection Program Flexibility Act of 2020 has created more questions. Here are some insights to help lenders navigate these changes.
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Reconsidering an Estimated Forgiveness Repurchase for Certain PPP Loans
his blog is being posted on behalf of my colleague, Todd Sprang, principal in CLA’s financial institutions practice. Pending legislative alterations to the forgiveness criteria for borrowers, including extension of covered periods, are positive developments for both PPP borrowers and lenders. Generally, these alterations are expected to increase forgiveness amounts and reduce or eliminate any […]
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Perspectives on Recently Released SBA Review Procedures and Related PPP Lender Responsibilities
This blog is being posted on behalf of my colleague, Todd Sprang, principal in CLA’s financial institutions practice. On May 22, 2020, SBA and Treasury posted an interim final rule (“IFR”) to inform borrowers and lenders of SBA’s process for reviewing Paycheck Protection Program (“PPP”) loan applications and loan forgiveness applications. This IFR also provides […]