Job loss, reduced hours, illness, caretaking responsibilities and more – coronavirus continues to produce a raft of economic uncertainties and financial hardships for individuals. The Coronavirus Aid, Relief and Economic…
Archives for May 2020
Major PPP Loan Forgiveness Issue Clarified with New Guidance on FTE Haircut Reduction
With many businesses considering how and when to reopen or resume operations, a major barrier to Paycheck Protection Program (PPP) loan forgiveness has been addressed in new guidance released Sunday,…
CFPB Issues Interpretive Rule and FAQs to Offer Consumers Quicker Access to Mortgage Credit
Amid the COVID-19 pandemic, many consumers are seeking quicker access to credit to meet their financial needs. On April 29, 2020, the Consumer Financial Protection Bureau (CFPB) issued an interpretive…