U.S. Banks Sweat Regulatory Exposure from PPP Loans

Paycheck protection program ppp loan for small business forgiveness application.

Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the COVID-19 pandemic. But as taxpayers begin to take on the cost of forgiving those loans, lenders like JPMorgan Chase… Continue reading U.S. Banks Sweat Regulatory Exposure from PPP Loans