Federal Reserve System Final Rule: Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks

April 22, 2020

Subscribe Today

The FRS is issuing an interim final rule that excepts certain loans that are guaranteed under the Small Business Administration's Paycheck Protection Program from the requirements of section 22(h) of the Federal Reserve Act and the corresponding provisions of the Board's Regulation O as a result of the Coronavirus Disease 2019; effective April 22, 2020.

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now