Paycheck Protection Program

Regulators grant relief to banks pushed past key asset limits by PPP

11/20/20

Participation in the Paycheck Protection Program and other emergency lending during the pandemic has swelled many small banks’ balance sheets. Federal regulators are giving them a temporary pass on supervisory requirements tied to their size.

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What will it take to boost SBA lending?

11/20/20

Lenders want Congress to bring back incentives used during the last recession, such as bigger subsidies and reduced fees, to jump-start participation in the Small Business Administration's flagship 7(a) program.

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OceanFirst taps insider as bank president

11/20/20

Joseph Lebel's promotion follows a third-quarter loss as the New Jersey company company looks to get ahead of credit issues by selling high-risk loans.

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CDFIs plug tech holes to close wealth gaps

11/19/20

Community development financial institutions, which tend to be less digitally savvy than traditional banks and credit unions, are developing online-lending platforms and automating backroom processes with investments and technical assistance from big banks, high-tech firms and other sources.

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Why PPP fraud hit fintechs harder than banks

11/11/20

Scammers may have had more success at duping fintechs than banks in obtaining Paycheck Protection Program loans. But there are reasons for this apparent disparity.

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GOP senators push regulatory relief for PPP banks

11/10/20

Regulators were receptive to Republican lawmakers' calls to ease burdens on banks that cross new asset thresholds as a result of their participation in the Paycheck Protection Program.

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Fed lowers Main Street loan threshold in bid to boost interest

10/30/20

Underwhelming participation in the middle-market loan program has forced the central bank to reduce the minimum borrowing amount for the third time, to $100,000.

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Small businesses need more aid to keep employees, SBA chief says

10/28/20

Small businesses need a new round of loans and aid from the government to keep employees working as the pandemic continues to spread, SBA Administrator Jovita Carranza said.

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Banks, PPP recipients caught in bind between two SBA rescue programs

10/26/20

Businesses that received Paycheck Protection Program loans and Economic Injury Disaster advances discovered later they can't get full forgiveness. Lenders want the rules changed.

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Week ahead: PPP bill in Congress and surprise NCUA meeting

10/26/20

A recently introduced bill concerning the Paycheck Protection Program loans could hint at what lawmakers will focus on when the House and Senate reconvene next month.

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