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Financial Institution Letter

Inactive: Banker Webinar: Loan Forgiveness and Other Matters Relative to the Paycheck Protection Program

August 20, 2020  |  FIL-77-2020

Summary:

The FDIC, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the National Credit Union Administration (the agencies), as well as the Conference of State Bank Supervisors will host a webinar for bankers on Thursday, August 27 from 11:00 a.m. to 12:00 p.m., Eastern Daylight Time to discuss the loan forgiveness process and recent changes in the Paycheck Protection Program (PPP). The PPP was established by the CARES Act and implemented by the Small Business Administration (SBA) with support from the U.S. Department of the Treasury.

A link to preregister can be found below.

Statement of Applicability to Institutions with Total Assets Under $1 Billion: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions.

Highlights: