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Jeffery P. Naimon quoted in American Banker article, “PPP lenders nearing $10B asset mark fear regulatory nightmare”
American BankerJeffrey P. Naimon
Jeffery P. Naimon was quoted on September 3, 2020, in an American Banker article, “PPP lenders nearing $10B asset mark fear regulatory nightmare,” which discussed concern from bank lenders that participation in the government's Paycheck Protection Program will trigger new regulations.
Naimon noted, “New regulations typically kick in after banks have operated with more than $10 billion of assets for four quarters. A bank with $9.5 billion of assets extending PPP loans might take them briefly above the $10 billion threshold. The bank could end up above the threshold for a quarter, but it’s not likely to be significant as long as assets fall back beneath the threshold in subsequent quarters.”
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