Jimerson Firm

NOVEMBER 2, 2020

CDC’s are required to retain their loan files for nine (9) years after the loan is paid in full, or ten (10) years after the loan is charged-off, whichever is applicable. These changes may include, for example, the borrower’s failure to pay taxes, which if unpaid, could become senior liens against the collateral for the SBA loan.

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Troutman Sanders

AUGUST 1, 2023

On July 27, the Financial Innovation and Technology for the 21st Century Act passed the House Committee on Agriculture. The bill previously passed the House Committee on Financial Services on July 26. The OAG initially filed the lawsuit in June 2021, and as part of the judgment, between $450,000 and $2.5

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Jimerson Firm

FEBRUARY 11, 2022

On July 15, 2021, the SBA issued its procedural notice regarding lender requests to the SBA for guaranty recovery of PPP loans. The PPP loan program has offered billions of dollars in assistance to small businesses across the country. However, many PPP borrowers have since begun defaulting on their loans.

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Fico Collections

JANUARY 27, 2022

The most popular posts in our Customer Development category dealt with credit card payments, open banking, trends for financial services and small business lending — as well as FICO’s listing as a top risk management firm. In January 2020 the UK reported £31 below the Canadian average and by June 2021 the UK was £347 above.

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Troutman Sanders

MAY 2, 2023

However, due to partisanship in the Senate, Senator Lummis believes her bill is unlikely to pass before the House Financial Service Committee’s bill is introduced. On April 28, the CFPB issued an interim final rule, amending the agency’s 2021 LIBOR transition rule. For more information, click here. On April 27, the U.S.

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Troutman Sanders

JUNE 1, 2021

The proposal would modify the PSR policy to expand access to collateralized capacity, and clarify the terms for accessing and retaining uncollateralized capacity. The American Rescue Plan Act of 2021 appropriated $19.53 ” Governments, companies, and other organizations may be developing their products and services.

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