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Lawmakers are considering a plan to reserve at least $50 billion in Paycheck Protection Program funds for customers of community banks and small regionals.
April 20 -
From stimulus checks to the Paycheck Protection Program, the government’s infusion of cash into an economy reeling from the coronavirus pandemic has primarily helped those who already strong banking relationships.
April 20American Banker -
Stress and exhaustion are catching up to lenders and call center employees helping customers grapple with the coronavirus pandemic.
April 17 -
State and federal trade associations are calling on lawmakers to move past an impasse after the Paycheck Protection Program ran out of money in just two weeks.
April 17 -
The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.
April 16 -
The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.
April 16 -
Legislation announced Wednesday would allow credit unions to make coronavirus relief loans to businesses without fear of bumping up against the member business lending cap.
April 16 -
The SBA’s Paycheck Protection Program is nearly depleted, but there are ways small banks and fintechs, with help from Congress, can remedy the situation.
April 15Alliance for Innovative Regulation -
Online lenders, core providers and software companies have created digital platforms that speed up and simplify Paycheck Protection Program loans for businesses reeling from the coronavirus pandemic.
April 14 -
Bank’s earnings fall 69% in the first quarter; this week’s earnings reports could determine whether banks will need to suspend dividends.
April 14