Leaders in both parties of Congress reached an agreement to extend the Paycheck Protection Program (PPP) for an additional two months. House Small Business Chair Nydia Velazquez (D-NY) and Ranking Member Blaine Luetkemeyer (R-MO) came to an accord yesterday. AFSA had joined with others in the industry last week asking for an extension of the program that was set to expire March 31.
The PPP provides government-backed loans to small businesses which can be fully forgiven if employers maintain payroll and employment levels. Although the deal is tentative, the agreed-upon framework would delay the PPP’s loan application deadline to May 31 and give the Small Business Administration the authority to process applications for 30 days after the deadline.
The House is expected to vote on and pass the legislation next week with bipartisan support.
AFSA has also been working with House and Senate leaders on the issue of PPP loan forgiveness. Financial institutions who received PPP loans and used them to keep their employees on the payroll should be able to get those loans forgiven.
Leaders in both parties of Congress reached an agreement to extend the Paycheck Protection Program (PPP) for an additional two months. House Small Business Chair Nydia Velazquez (D-NY) and Ranking Member Blaine Luetkemeyer (R-MO) came … Read the rest
AFSA strongly supports H.R. 1491, the “Fair Debt Collection Practices for Servicemembers Act,” and wrote urging the House of Representatives to pass this legislation as quickly as possible.
The Fair Debt Collection Practices for Servicemembers… Read the rest
The American Financial Services Association (AFSA) submitted an amicus brief on March 4 before the United States Court of Appeals for the First Circuit in Consumer Data Industry Association (CDIA) v. Frey. The case was brought by CDIA against… Read the rest
If you attended the 2021 Vehicle Finance Conference last week, we are pleased to inform you that recordings of all sessions are now available at the AFSA Streaming Center.
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The American Financial Services Association (AFSA) and fellow trade associations wrote to Congressional leaders supporting the extension of the Paycheck Protection Program (PPP). The loan program, scheduled to end on March 31, originated… Read the rest
From luxury SUVs to sporty convertibles, consumers have wide-reaching choices and preferences when it comes to transportation. They also have a lot of choices, and differing preferences, when it comes to paying for their vehicles.
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AFSA’s featured Business Partner for March is Securian | Allied Solutions. We asked them a few questions about the value of their business partner membership and the issues they’re facing. Learn more at alliedsolutions.com… Read the rest
Small-dollar loans are crucial for the American consumer. Whether they’re looking to fund a car repair, purchase an appliance or pay for a much-needed vacation, millions of Americans rely on traditional installment loans each year.
That’s… Read the rest
Join us on March 4 at 2:00 p.m. for The Future of Bill Payments: Speedy, Smooth, and Safe: Test-Driving New and Future Consumer Billing, Payment, and Collection Models, presented by ACI Worldwide.
From luxury SUVs to sporty convertibles,… Read the rest
