A Push for Streamlined PPP Forgiveness; Judge Orders Loan Data Be Made Public

In a letter to congressional leaders, some 100 business groups including the Credit Union National Association, the National Association of Federally-Insured Credit Unions, the American Bankers Association and the Independent Community Bankers of America, call on Congress to enact legislation to forgive all Paycheck Protection Program loans of up to $150,000 using a one-page application. Meanwhile the Small Business Administration is facing a judicial deadline to make information on PPP loans public.

Community Bankers to Continue Anti-Credit Union Campaign in Next Congress

The Independent Community Bankers of America’s anti-credit union campaign will continue in the next Congress.

In its briefing on the impact of the 2020 election, the ICBA said it will continue its “Wake Up” campaign during the 117th Congress. But the trade group said it does not expect any major policy shift in how policymakers view the credit union industry.