The Paycheck Protection Program, an ambitious $349 billion loan program designed to quickly give relief to small businesses, represents an unusual opportunity for lenders to expand their client base with loans that are fully guaranteed by the federal government. … READ MORE >
CARES Act
The swift and significant monetary and fiscal policy responses to the coronavirus
March 2020 has been a month for the ages – one that fiscal and monetary policymakers will never forget. Congress put forward roughly $2.2 trillion, or equal to 11.4% of gross domestic product, in fiscal aid to address current and coming economic difficulties around the country. … READ MORE >
With the CARES Act, online lenders are poised to become mainstream
The $2 trillion CARES Act promises to help many American businesses, individuals and states overcome the severe impact from the corona pandemic. But one industry in particular is in a strong position to benefit: Fintech, and especially online lending businesses that have been gaining market share in recent years. … READ MORE >