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  • Posted in: General Discussion

    I hope everyone had a good holiday. As promised, here is the final version of the NY bill included the "chapter amendment" language. Not a lot changed in the final version after much negotiation about a potential cap/ban of prepayment penalties. The bill ...

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    COVID Package/NY

    Posted in: General Discussion

    Hey everyone, Congress will be passing the COVID stimulus package tonight. I have attached highlights below but as widely reported it will include $284 billion in additional authorization for the PPP. Some new changes (again, highlighted below) include ...

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    NY Update

    Posted in: General Discussion

    On Friday evening the NY State Senate formally sent SB 5470 to the governor. As a reminder, SB 5470 passed the legislature this summer but was held by the Senate while the Department of Financial Services (DFS) and the legislature negotiated a "chapter ...

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