blog paycheck-protection-program 
Burr Forman
DECEMBER 23, 2020
While the bill has not become law as of the date of this blog, it is expected to be signed by the President quickly and then become law. Key provisions of the Act include: Under the CARES Act , expenses paid with Paycheck Protection Program (PPP) proceeds could not be deducted if the PPP loan was forgiven.
Jimerson Firm
MAY 5, 2021
This blog points out certain considerations that small business owners and their advisors should be cognizant of when shuttering businesses with open PPP loans, including reputational impact and risk to federally held assets. By some estimates, however, up to 25% of small U.S. businesses still will not survive.
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Troutman Sanders
OCTOBER 13, 2020
Small Business Administration, in consultation with the Treasury Department, released an updated loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. ” The PCI Perspectives Blog and the PCI SSC COVID-19 Resource Page represent two of the resources discussed.
Troutman Sanders
JUNE 27, 2023
On June 20, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing military families. In the blog, the CFPB reported that it received complaints from the public about inaccuracies and the lack of transparency in the employment background screening industry.
Troutman Sanders
FEBRUARY 16, 2021
On February 10, Acting Director of the Consumer Financial Protection Bureau Dave Uejio published a blog post, sharing the directions he gave to the agency’s Consumer Education and External Affairs unit. Based on EO 10A, those protections will expire at the end of the month. For more information, click here. 65 into law.
Fico Collections
AUGUST 20, 2020
For savings customers and some investors this was an unwelcome sign, but for consumers in debt it further supported the cashflow from the payment relief programs by providing additional interest relief. Well, all is not lost now – it’s just the start of being in the most active and changing environment for the foreseeable future. Don’t panic!
Burr Forman
MARCH 31, 2021
The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021 to May 31, 2021. President Biden has signed the PPP Extension Act of 2021. The new law gives qualifying businesses and individuals more time to apply for a PPP loan.
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