Browsing: Newsbytes

Commercial Lending

To help ensure that Paycheck Protection Program funds reach all small businesses in need, the Small Business Administration and Treasury Department today announced that they will set aside $10 billion of the second round PPP funds to be used exclusively by community development financial institutions.

Legal

As states begin to slowly reopen local economies and businesses begin to resume normal operations, ABA joined a broad coalition of advocacy groups and other organizations in a letter today urging lawmakers to enact “temporary and targeted liability relief legislation” to safeguard businesses, nonprofits and others from lawsuits as employees return to workplaces.

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