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July 07, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 7.6

This morning, the Boston Fed issued a press release announcing that “the Main Street Lending Program is Fully Operational” and encouraged lenders “to begin submitting qualifying loans.”

Eric Rosengren, President of the Boston Federal Reserve Bank, said in

July 05, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 7.2

According to a story in the Wall Street Journal, it’s been more than two months since the MSLP was announced, however, some bankers say they are still trying to decide whether to take part. They cite less-than-appealing terms, which changed repeatedly before the official June 15 launch,

June 30, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.30

According to a story in the Associated Press, Fed officials say only 200 banks have signed up to participate since the MSLP began two weeks ago, or an astonishingly low 4 percent of the nation’s roughly 5,000 lenders. None have made any loans yet. The Fed continues to say that

June 26, 2020
The Follow-Through

Although it’s a term often associated with baseball, the meaning of “follow-through” goes far beyond that. The definition, as seen in the Free Dictionary is: to engage in an action or complete some task that one said or implied one would do. And according to executive coach Cynthia Corsetti

June 26, 2020
Now Is The Time To Strategically Think About Your Talent

As states start to open up from their COVID-19 shutdown orders, it’s a great time to start thinking about where your business is heading and what people you will need to get you there. With changes to the business landscape and dramatic upheavals in the labor pool

June 26, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.26

The Federal Reserve announced a NEW information session for lenders interested in learning about the Main Street Lending Program: Monday, June 29, 2020, 2:00 p.m. EDT: “Main Street Lending Program-Loan Purchase Process”

Since the Fed is still scheduling w

June 24, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.24

Fed officials continue to say that they will have the facility stood up in a matter of days, but as of today, they have announced no launch date. We will continue to monitor the Federal Reserve for information and provide you with any relevant and timely updates.