Easing Rules for PPP Lenders
Tuesday, May 26, 2020 at 8:37AM
Banking Spectrum in Banking News

The Federal Deposit Insurance Corp. approved a notice of proposed rulemaking that would ease the deposit insurance assessment effects for lenders participating in the Paycheck Protection Program, Paycheck Protection Program Lending Facility, and Money Market Mutual Fund Liquidity Facility. The changes would ensure that banks will not be subject to higher deposit insurance assessment rates solely for participating in the three programs.

 

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).
See website for complete article licensing information.