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Bankers seek automatic forgiveness of PPP loans under $150,000

Wednesday, June 3, 2020   (0 Comments)
Posted by: Amanda Averch
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Automatic forgiveness of Paycheck Protection Program loans of less than $150,000 would benefit about 85% of recipients, the Consumer Bankers Association and the Bank Policy Institute said in a letter to members of Congress, requesting the change. "Their time and resources would be better focused on getting the economy safely back up and running, not processing burdensome paperwork," the groups wrote.

Full Story: American Banker online (free content) (6/2)  

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