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2020 Senior Loan Officer Opinion Survey on Bank Lending Practices on Bank Lending Practices – Summary

The Federal Reserve released their September 2020 supplementary Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) to understand the experiences of domestically chartered banks with the Main Street Lending Program (MSLP). The survey consisted of a set of questions that focused on four areas: commercial and industrial (C&I) loan inquiries and banks’ participation […]
  • Posted by Justin Hill
  • On Tuesday September 29th, 2020
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Joint Statement on Additional Loan Accommodations Related to COVID-19

“Borrowers facing identified financial difficulties as they near the end of the accommodation periods generally pose greater credit risk.” On August 3, 2020, the Federal Financial Institutions Examination Council (“FFIEC”) issued a joint statement with further guidance regarding COVID-19 loan modifications, as Borrowers are nearing the end of their initial accommodation/deferment period and are approaching […]
  • Posted by Justin Hill
  • On Thursday September 10th, 2020
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