Skip to content

How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.

SBA adds rules on PPP forgiveness and lender duties

Late Friday, the Small Business Administration released two interim final rules to supplement previously published interim final rules implementing the Paycheck Protection Program (PPP), in preparation for the processing of applications for loan forgiveness under the CARES Act.

The first of Friday's rules was issued to provide borrowers and lenders guidance on requirements governing the forgiveness of PPP loans. The second rule informs borrowers and lenders of SBA’s process for reviewing PPP loan applications and loan forgiveness applications, and supplements the interim final rule on Loan Forgiveness.

Filed under: 

Training View All

Penalties View All

Search Top Stories