CORONAVIRUS RESOURCES

Last Updated: 5/6/2020

The Alabama Bankers Association wants to ensure member banks have access to the best resources available to assist in preparing for the impacts of the 2019 novel coronavirus (COVID-19) from both a professional and personal perspective as well to as to monitor ongoing changes during the national and state emergencies.

ABA’s Response to COVID-19 

See How Banks Are Responding

SBA Lending Programs Section

• FDIC Interim Final Ruling: Relief for Banks Participating in PPP Posted 5-6-20
• Extension Guidance: SBA Grants Seven Day Extension to Safe Harbor Posted 5-6-20
• Main Street Lending Program: Guidance Federal Reserve Board on the Main Street Lending Program Posted 4-30-20
• Section 1112 Guidance: SBAs Additional Guidance on Implementation of Section 1112 of CARES Act Posted 4-30-20
• Interim Final Rule update: Updated IFR including guidance on the 10-Day Rule, loan disbursement, and on processing fees relating to the Paycheck Protection Program Posted 4-29-20
• Criterion for Seasonal Employees: IFR on Additional Criterion for Seasonal Employers Posted 4-28-20
• IFR on Disbursements: IFR Guidance on Disbursements Posted 4-28-20
• FDIC Coronavirus FAQs: Coronavirus FAQs on Working With Borrowers; Operational Issues; Community Reinvestment Act (CRA); & Bank Secrecy Act (BSA) Updated 4-28-20
• AICPA Guidance: AICPA Recommendations PPP Posted 4-26-20
• US Treasury Additional Guidance: U.S. Treasury Released New Facts PPP Loan Program Updated 4-28-20
• FDIC PPP Facts: FDIC FAQs on Paycheck Protection Program Updated 4-25-20
• PPP Lending Term Sheet: Paycheck Protection Program Lending Facility Term Sheet Posted 4-9-20
• Updated Guidance PPP Released: SBA News Conference interim Final Rule Posted 4-2-20
• Treasury Release on SBA Guidance & Processes: Link to information released on March 31, 2020 regarding SBA opportunities for small businesses
• ABA Press Release PPP Guidance: Posted 4-2-20
• Guide to Paycheck Protection Loans for Small Businesses Updated 4-2-20
• The Small Business Owner’s Guide to the CARES Act, prepared by the U.S. Senate Committee on Small Business and Entrepreneurship
• Small Business Guide and Checklist for Coronavirus Emergency Loans, prepared by the U.S. Chamber of Commerce. 
• SBA Coronavirus Loan Guidance and Resources (official SBA site)
• Alabama SBA District Office website
• The Small Business Owners Guide to the CARES Act  (March 27, 2020)
• SBA Application to be a 7(a) Lender
• Summary of SBA Payroll Protection Program — National Law Review (March 27, 2020)
• SBA Affiliation Overview
• SBA Economic Injury Disaster Loans (EIDL)
• SBA Express Bridge Loan Pilot Program Guide
• Carranza Implements Automatic Deferment on Existing SBA Disaster Loans Through End of 2020 (March 23, 2020)

ABA COVID-19 Education Offerings

• BSA/AML Pandemic Implications —Live Virtual BSA/AML Implications During the Coronavirus Pandemic

Alabama, Federal & Other Health Resources

• Alabama Department of Public Health — Up-to-date information on the impact of COVID-19 in Alabama, plus travel considerations, prevention tips and general information.
• UAB Coronavirus: Frequently asked questions and information on social distancing.
• CDC Coronavirus information — General information on the virus, risk assessment, CDC response and more.
• World Health Organization — General information on the virus, the WHO’s response, global monitoring of the situation and more.

• FRB Atlanta COVID-19 Resources – General information on COVID-19

Business Resources

• American Bankers Association — A compilation of pandemic planning and business continuity resources relevant to banks.
• Automated Clearing House — Reminder from the National Automated Clearing House Association on responsibilities of financial institutions potentially impacted by coronavirus.
• Family and Medical Leave Act — Explanation of FMLA eligibility for coronavirus-associated absences.
• Independent Community Bankers of America — A compilation of pandemic planning and business continuity resources relevant to community banks.
• Occupational Safety and Health Administration — Information for workers and employers about the evolving coronavirus outbreak.
• Society for Human Resource Management — Information on how to prepare your workforce for the potential issues that can come during a communicable disease outbreak.

Compliance Resources

• ComplianceAlliance COVID-19 resources page . ABA is part-owner in Compliance Alliance along with nearly thirty other state trade associations.
• State of Alabama Workforce Capabilities

Cybersecurity Guidance

• CISA: Risk Management for COVID-19
• CISA Guidance on Essential Critical Infrastructure Workers

Regulatory Guidance

• Alabama Banking Department — COVID-19 information page
• CFPB Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic
• CFPB Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting Under the Home Mortgage Disclosure Act
• FDIC — Statement on financial institutions working with customers affected by the coronavirus and regulatory and supervisory assistance.
• Federal Reserve Financial Services — Statement on the Fed's response to COVID-19.
• FFIEC Interagency Statement on Pandemic Planning
• FFIEC Pandemic Preparedness Guidance
• FinCEN — FinCEN Encourages FI’s to Communicate Concerns Related to COVID-19 and to Remain Alert to Related Illicit Financial Activity.
• FinCEN Advisory (FIN-2017-A007) Regarding Disaster-Related Fraud
• FINRA Regulatory Notice 20-08 — Pandemic-related business continuity planning, guidance and regulatory relief.
• Interagency Statement on Loan Modifications
• Interagency Statement on Pandemic Planning
• IRS Notice 2020-15: High Deductible Health Plans & Expenses Related to COVID-19
• NACHA — Reminder regarding ACH responsibilities to financial institutions potentially impacted by coronavirus.
• OCC Bulletin 2017-61 (December 15, 2017): Major Disasters: Interagency Examiner Guidance for Institutions Affected by Major Disasters
• OCC Coronavirus Resource Page
• OCC Pandemic Planning: Updated FFIEC Guidance
• Regulatory Agencies Joint Statement — Statement from federal regulatory agencies encouraging banks to work with borrowers affected by coronavirus.

Marketing Tools

• ABA Press Release on Banks Readiness for Pandemic
• ABA Bank Safety Video
• Consumer Fraud Tips