This week AFSA joined other trade groups in urging Congressional leaders to pass legislation that would streamline the Paycheck Protection Program (PPP) loan forgiveness process. The PPP provided millions of small businesses with much-needed economic relief during the COVID-19 pandemic. As small businesses face the challenges of re-opening, they are also dealing with the time-consuming and costly process of applying for PPP loan forgiveness.
In the letter, the joint trades request Congressional leaders to support S. 4117, The Paycheck Protection Program Small Forgiveness Act, and H.R. 7777, the Paycheck Protection Small Business Forgiveness Act. These bills would streamline the loan forgiveness process by forgiving PPP loans of less than $150,000 upon the borrower’s completion of a one-page forgiveness document.
“PPP loans of $150,000 and under account for 87 percent of total PPP recipients, but less than 28 percent of PPP loan dollars. Expediting the loan forgiveness process for many of these hard-hit businesses would save more than $7 billion and hours of paperwork,” the groups wrote.
AFSA, Joint Trades Urge Congress to Simplify PPP Loan Forgiveness Process
Sep 21, 2020
This week AFSA joined other trade groups in urging Congressional leaders to pass legislation that would streamline the Paycheck Protection Program (PPP) loan forgiveness process. The PPP provided millions of small businesses with much-needed… Read the rest
“Lightning Round” Discussions at the AFSA Annual Meeting & Independents Conference & Expo
Sep 18, 2020
Register today for AFSA’s virtual conference, which opens Tuesday, October 6th and runs through Thursday, October 8th. Each day’s sessions run from 11 a.m. to 2 p.m. ET, and feature compelling keynotes, informative and interactive breakout… Read the rest
WATCH | We let Bill out of the Himpler Homestead!
Sep 18, 2020
AFSA President & CEO Bill Himpler is excited for the 2020 Annual Meeting & Independents Conference & Expo!
REGISTER TODAY!
… Read the rest“Lightning Round” Roundtable Discussions at the AFSA Annual Meeting
Sep 17, 2020
Join “lightning round” conversations on a range of topics that the consumer credit industry is facing. Each virtual roundtable is live and allows for video or audio discussions with presenters.
- Fair Lending & Modeling, presented by
Where Fraud Is Headed in a Post-Pandemic World
Sep 17, 2020
What should you be aware of and be planning for as markets begin to shift, and we begin to emerge in a post-pandemic world? PointPredictive’s Frank McKenna, Chief Fraud Strategist, defi’s Charles Sutherland, Chief Strategy Officer, and Earl… Read the rest
AFSA Applauds Senate Action on the ESIGN Act
Sep 16, 2020
The Senate Committee on Commerce, Science, and Transportation this week approved S. 4159 – the Electronic Signatures in Global and National Commerce Act (E-SIGN Modernization Act), on a party-line vote, 14-12.
Consumers currently are … Read the rest
Adding General Sessions to Compliment our Bullpen of Keynoters!
Sep 15, 2020
Adding General Sessions to Compliment our Bullpen of Keynoters!
Register today for AFSA’s virtual conference, which opens Tuesday, October 6th and runs through Thursday, October 8th. Each day’s sessions run from 11 a.m. to 2 p.m. ET, and … Read the rest
AFSA, Joint Trades to Supreme Court: Allow Businesses to Contact Their Customers
Sep 15, 2020
Today, the American Financial Services Association (AFSA) and a coalition of trade associations filed an amicus brief requesting that the Supreme Court clarify how businesses can communicate with their customers.
In the case, Facebook… Read the rest
You want the giveaways and goodies right?
Sep 11, 2020
The 2020 AFSA Annual Meeting & Independents Conference & Expo isn’t until October, but we need you to register soon! If you want to ensure you get all the great goodies and giveaways we have planned, register by Monday, September… Read the rest
Where Fraud Is Headed in a Post-Pandemic World
Sep 10, 2020
What should you be aware of and be planning for as markets begin to shift, and we begin to emerge in a post-pandemic world? PointPredictive’s Frank McKenna, Chief Fraud Strategist (Frank on Fraud), defi’s Charles Sutherland, Chief Strategy… Read the rest