COVID-19 financial management and disaster relief
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Federal Banking Agencies Provide Appraisal and Evaluation Deferrals to Expedite Lending
Federal banking agencies issued an interim final rule this week to temporarily defer real estate related appraisals and evaluations under the agencies’ interagency appraisal regulations. The rule provides temporary relief to allow regulated institutions to extend financing to creditworthy households and businesses quickly during the national emergency declared in connection with COVID-19.
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Regulators Provide Regulatory Capital and Liquidity Relief to Banks
As banks across the country rush to process PPP loan applications and help borrowers in financial distress, regulators have issued two important interim final rules in the last week to provide regulatory capital relief and additional liquidity to institutions in the wake of COVID-19. As bank balance sheets swell from increased loan demand, we hope the combination of these new provisions relieves at least some of the stress currently facing institutions.
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Video: Credit Risk Management in Times of Uncertainty
In today’s video, Todd Sprang, Susan Sabo, and Erica Crain from the CLA Financial Institution team discuss managing credit risk in these uncertain times.
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The Fed Announces New Facilities Which Will Provide Up to $2.3 Trillion in Liquidity with $600 Billion Directed at Main Street
Today the Federal Reserve Banks have announced the formation of two facilities aimed to assist banks, their holding companies and credit unions (“Entities”) in preserving Main Street businesses. The two facilities, the Main Street New Lending Facility (MSNLF) and Main Street Expanded Loan Facility (MSELF) will provide opportunities for entities to sell loans to the […]
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Recording Available: PPP Updates and Insights
This video is a recording of Tuesday’s CLA Livestream in case you missed our live event. Jennifer Rohen, Todd Sprang, and Jack Rybicki cover key updates and insights related to lending through the Paycheck Protection Program (“PPP”). Some of the questions covered include: How has the guidance been clarified and updated? How have financial institutions […]
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Recording Available: PPP for Lenders Livestream
This video is a recording of Monday’s CLA Livestream broadcast in the event you missed our live event. Todd Sprang, Leslie Boyd, and Charlie Cameron cover the key issues facing lenders to date related to lending through the Paycheck Protection Program (“PPP”).