Policy News – July 22, 2020

Last Friday, the House Committee on Small Business held a hearing entitled, “Oversight of the Small Business Administration and Department of Treasury Pandemic Programs” to hear from Steven Mnuchin, Secretary of the U.S. Treasury (Treasury), and Jovita...

Industry News – July 22, 2020

U.S. Department of Treasury Wants Credit Union to Repay $12 Million in CDFI Program Funds. The federal government wants OnPath Federal Credit Union to pay back more than $12 million it received from the Community Development Financial Institutions program that...

Industry News – July 15, 2020

Wells Fargo Launches $400 Million Small Business Recovery Effort Through Wells Fargo’s new Open for Business Fund, the company will engage nonprofit organizations to provide capital, technical support, and long-term resiliency programs to small businesses with an...

Policy News – July 15, 2020

The House Committee on Financial Services held a virtual hearing titled, “Access Denied: Challenges for Women- and Minority-Owned Businesses Accessing Capital and Financial Services During the Pandemic.” Key witnesses include Ron Busby Sr., President and...

Policy News – July 8, 2020

Last week, the Congress passed legislation to extend the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan application period through August 8, 2020. The extension measure was signed into law by the president over the weekend. To date, the...