Premier Banking Law News and Insights

The Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") guarantees loans from qualified lenders to small businesses impacted by the COVID-19 pandemic so that those businesses can keep workers employed. In the Third Interim Final Rule issued on April 20, 2020 (see 85 Fed. Reg. 21747), the SBA cleared the...

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Next week, the U.S. House of Representatives will vote on H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act. This is a long-anticipated step forward, as there has not been a stand-alone vote on cannabis legislation in Congress since the Controlled Substances Act prohibited marijuana use in 1970. The bill...

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The Consumer Financial Protection Bureau ("CFPB") issued its final rule setting forth amendments and clarifications to mortgage servicing regulations on August 4, 2016. The final rule will implement new servicing regulations including the following: Additional foreclosure protection for borrowers. If a borrower becomes current on his or her payments after submitting...

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