Burr Forman

DECEMBER 23, 2020

While the bill has not become law as of the date of this blog, it is expected to be signed by the President quickly and then become law. Key provisions of the Act include: Under the CARES Act , expenses paid with Paycheck Protection Program (PPP) proceeds could not be deducted if the PPP loan was forgiven.

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Student loans Student Loans Loans Government 52

Jimerson Firm

MAY 5, 2021

This blog points out certain considerations that small business owners and their advisors should be cognizant of when shuttering businesses with open PPP loans, including reputational impact and risk to federally held assets. By some estimates, however, up to 25% of small U.S. businesses still will not survive.

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Troutman Sanders

OCTOBER 13, 2020

Small Business Administration, in consultation with the Treasury Department, released an updated loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. ” The PCI Perspectives Blog and the PCI SSC COVID-19 Resource Page represent two of the resources discussed.

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Fico Collections

AUGUST 20, 2020

For savings customers and some investors this was an unwelcome sign, but for consumers in debt it further supported the cashflow from the payment relief programs by providing additional interest relief. Well, all is not lost now – it’s just the start of being in the most active and changing environment for the foreseeable future. Don’t panic!

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Troutman Sanders

JUNE 27, 2023

On June 20, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing military families. In the blog, the CFPB reported that it received complaints from the public about inaccuracies and the lack of transparency in the employment background screening industry.

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Burr Forman

AUGUST 7, 2020

On August 4, the Small Business Administration (“SBA”) released an initial set of frequently asked questions regarding the forgiveness of paycheck protection program (“PPP”) loans (the questions, the “Forgiveness FAQs”).

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Fico Collections

SEPTEMBER 27, 2021

In our previous blog post I examined the shifting regulatory landscape, recent changes in bank overdraft program changes, and what’s next with regulations on overdraft. Customers who feel anxious about their financial situation and those who live paycheck to paycheck represent 51% of consumers.

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