PPP Exception from Certain Federal Reserve Act and Regulation O Restrictions
By EsqSocial Corporation 09/06/21
The Federal Reserve Board recently issued an interim final rule which excepts certain loans guaranteed under the Small Business Administration’s Paycheck Protection Program (PPP) from the restrictions of Section 22(h) of the Federal Reserve Act and the associated provisions of the Board’s Regulation O. The exception applies to PPP loans made through March 31, 2022....
By: Weiner Brodsky Kider PC