Signed into law in March 2020, the federal Paycheck Protection Program had major reach in Shasta County. The program created as part of the CARES Act provided forgivable, low-interest loans to help ...

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The Federal Reserve designed its Paycheck Protection Program Liquidity Facility to ease liquidity issues and support small business lending during the pandemic. The liquidity facility allowed banks to ...

Regions Bank has agreed to pay a $4.9 million settlement to the Department of Justice in a case involving a COVID-19 relief loan program. According to the DOJ, Regions was alleged to have forgiven a ...

Regions Financial will pay nearly $5 million to settle allegations that it improperly approved forgiveness of a pandemic relief loan that was ineligible for the Small Business Administration's ...

One of the principal benefits of the Paycheck Protection Program (“PPP”) is that the principal and interest from any loan forgiven is not includable in a taxpayer’s gross income. In what has developed ...