May 6, 2020 | Congressional Legislation, News
Senators Ask SBA Inspector General to Investigate Reports that PPP Lenders Prioritized Larger Clients Over Small Businesses in Urgent Need United States Senators Sherrod Brown (D-Ohio), Chuck Schumer (D-N.Y.), and Ben Cardin (D-Md.) recently sent a letter to Small...
May 1, 2020 | Congressional Legislation, News
Senators Brown and Booker Push Banks to Suspend Overdraft Fees United States Senators Sherrod Brown (D-Ohio) and Cory Booker (D-N.J.) recently wrote a letter to 15 bank CEOs, urging them to temporarily ban burdensome overdraft fees for customers during the COVID-19...
Apr 29, 2020 | Congressional Legislation, News
New Coronavirus Relief Package Signed Into Law Last week, in the latest effort to provide relief to small businesses impacted by the COVID-19 pandemic crisis, the House of Representatives passed the Paycheck Protection Program (PPP) and Health Care Enhancement Act,...
Apr 27, 2020 | Congressional Legislation, News
Tribal Gaming Enterprises Allowed Access to Paycheck Protection Program after Hoeven and Udall Push Treasury to Reverse Decision Last week, the Small Business Administration (SBA) issued an interim final rule that removed restrictions excluding Tribal casinos from...
Apr 22, 2020 | Congressional Legislation, News
House Financial Services and Oversight Committee Chairs Urge FDIC to Boost Crisis Readiness Policies Members of the House Financial Services and Oversight Committees recently wrote a letter to the FDIC seeking information on whether—and how—the agency is prepared to...
Apr 21, 2020 | Congressional Legislation, FinTech, News
Fintechs Approved to Make Small Business Loans Under Paycheck Protection Program After aggressive lobbying, three fintech companies ⎯ PayPal, Square Capital, and Intuit QuickBooks Capital ⎯ recently announced that they were authorized by the federal government to make...