Lending
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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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Federal Reserve facility to purchase PPP Loans
This blog is posted on behalf of my colleague Susan Sabo, financial institutions principal. On April 6, 2020, the Federal Reserve announced a forthcoming facility to purchase Paycheck Protection Program (PPP) loans from financial institutions. The PPP has evolved quickly over the last week and has faced several challenges, including hesitancy from some 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”).
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Video: Paycheck Protection Program for Lenders FAQs
This video is the first in a series of videos we will be releasing related on the key issues facing financial institutions in response to COVID-19. Today we address some of the most frequently asked questions we have received to date regarding lending through Paycheck Protection Program.
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Paycheck Protection Program- Additional Help Available for Stressed Lenders
Because many financial institutions are experiencing strong interest from current borrowers as well as potential new borrowers to their institution, they are evaluating the need and benefit of seeking the assistance of agents to help ensure more accurate data submission, ensure program compliance, and improve timeliness of application submissions. CLA is here to help financial institutions through the PPP process.
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All Insured Depository Institutions Should Strongly Consider Becoming PPP Lenders
Based on documents released from the Treasury on March 31, 2020, we now believe that all insured depository institutions will not only be eligible to participate as lenders in the Paycheck Protection Program (“PPP”), but will be quickly accepted by the SBA with a very limited approval process. The process may be as simple as […]
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Our perspectives on 2020 interagency loan modification and TDR guidance
In the current environment, many institutions are seeking ways to assist borrowers impacted by the economic distress resulting from the COVID-19 pandemic. On March 22, 2020, Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus, was released. We noted this interagency statement seeks to provide relief from […]
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Health Check: Your Loan Portfolio and the Current Economic Environment
Whether you are a lender or employ lenders, you may be asking yourself “Where do I begin?” Start with these best practices, designed to help financial institutions manage loan portfolios during this difficult time.
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Same Loans, Different Cycle: A Look at Agricultural Lending
As seen in 2019, challenges in the farm economy go deeper than farm income. Balance sheets indicate unfavorable trends such as higher debt and lower working capital. As such, the regulators have reiterated the importance of strong underwriting and credit administration practices for banks and other financial institutions lending to farmers and other agriculture interests.
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CLA Joins BankTrends to Host CECL Webinar
David Heneke and Joshua Juergensen from CLA will join Michael Stinson from BankTrends in a webinar on Thursday, February 6th at 2pm CST to discuss practical guidance on the implementation of the WARM methodology for CECL This complimentary webinar will provide the latest insights on how financial institutions are successfully preparing for the new standard. […]