North Dakota Bankers
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SBA Releases Data on PPP / EIDL Programs

Posted on: 12/2/2020
In response to a federal judge’s order, last evening SBA released borrower information on both ...
 

SBA Outlines Procedures for PPP ‘Loan Necessity’ Questionnaires

Posted on: 12/2/2020
Last Wednesday evening (Thanksgiving Eve), SBA released procedures for lenders in handling the loan ...
 

FDIC: Bank Profits Improve from Q2 as Pandemic Persists

Posted on: 12/2/2020
FDIC-insured banks and savings institutions earned $51.2 billion in the third quarter of 2020, a 10.7% ...
 

Fed to Extend Some Lending Facilities Through March

Posted on: 12/2/2020
The Federal Reserve has announced that it would extend several lending facilities that were set to expire ...
 

Federal Judge Denies Request to Postpone Release of PPP, EIDL Borrower Data

Posted on: 11/25/2020
A federal judge this week denied a request from the SBA to postpone the release of borrower information ...
 

Banking Agencies Provide Relief to Community Banks with Pandemic-Inflated Assets

Posted on: 11/25/2020
Last Friday, the federal banking agencies issued an interim final rule to ease the regulatory burden ...
 

IRS Clarifies Deductibility of Qualified PPP Expenses

Posted on: 11/25/2020
Last week, the IRS issued a ruling that borrowers submitting PPP loan forgiveness applications for approval ...
 

Dollar Thresholds for Exempt Transactions Hold Steady

Posted on: 11/25/2020
Due to an annual decrease in consumer prices, financial regulators announced that the dollar threshold ...
 

ABA Survey: 51% of Agricultural Borrowers Profitable in 2020

Posted on: 11/25/2020
Amid ongoing stresses in the ag sector and economic dislocation from the COVID-19 pandemic, lenders ...
 

Mnuchin Declines to Extend Fed Emergency Credit Facilities

Posted on: 11/25/2020
In a letter to Federal Reserve Chairman Jerome Powell, Treasury Secretary Steven Mnuchin asked the central ...
 

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