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Category: Banking

Overdraft Concept

New CFPB Guidance on Overdraft Fees

Late last fall, the Consumer Financial Protection Bureau (CFPB) issued guidance on bank overdraft fees it labels as “unfair” or “unlawful” along with teasing forthcoming

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AICPA Releases PPP Q&A for Lenders

The American Institute of CPA’s (AICPA) released Technical Questions and Answers (TQA) on June 30 to address common accounting issues for Paycheck Protection Program (PPP)

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Financial Reporting Update

The Financial Accounting Standards Board (FASB) met yesterday, May 20, and made a tentative decision to extend the effective dates for the new revenue recognition

PPP Forgiveness Application Draft

PPP Forgiveness Update A first draft of the PPP loan forgiveness application (PDF link) has been released. As with everything related to this program, we

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Paycheck Protection Program SBA Updates

Eligibility On March 27, 2020 President Trump signed into law the CARES Act which included the Paycheck Protection Program (PPP) loan provisions designed to help