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The OCC’s CRA Final Rule: Performance Standards - Is Your Calculator Handy?

USA - July 1 2020 The Office of the Comptroller of the Currency’s (“OCC”) Community Reinvestment Act (“CRA”) final rule (“Final Rule”) effective October 1, 2020 is…

Nancy Eff Presnell

PPP Borrowers may Choose the 24-week Covered Period and Apply Early for Loan Forgiveness

USA - June 26 2020 The Small Business Administration (SBA) issued another Interim Final Rule on June 22, 2020, addressing loan forgiveness and loan review procedures…

Richard L. Moore

SBA Issues New Forgiveness Applications (and You Don’t Need to Wait Until After December 31 to Apply)

USA - June 18 2020 On June 16, 2020, the Small Business Administration (“SBA”) issued a revised Paycheck Protection Program (“PPP”) Loan Forgiveness Application and a…

Rebecca M. Moore

SBA Issues New Interim Rule on Changes in the Paycheck Protection Flexibility Act

USA - June 11 2020 The Small Business Administration ("SBA") has issued an Interim Final Rule that amends the first Interim Final Rule released April 2, 2020 (the "First…

Rebecca M. Moore

The OCC’s CRA Final Rule: What is a Qualifying Activity?

USA - June 8 2020 The Office of the Comptroller of the Currency (“OCC”) issued a Community Reinvestment Act (“CRA”) final rule[1] (“Final Rule”) on May 20, 2020…

Nancy Eff Presnell