SBA and Treasury Department Issue New Guidance on PPP
By EsqSocial Corporation 15/01/21
In this Issue. The Office of the Comptroller of the Currency (OCC) issued guidance on its authority to charter limited purpose trust companies, raising the possibility that a limited purpose national bank could be organized to perform trust company functions and other permissible functions such as lending and payments; federal banking regulators finalized a rule increasing regulatory capital requirements for investments in covered debt instruments; the U.S. Small Business Administration (SBA),...
By: Goodwin