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News Related to Covid-19 and our Industry

The House Committee on Financial Services held a virtual hearing on Wednesday, June 3 on inclusive lending during COVID-19 looking at how CDFIs and MDIs continue to help underserved and minority-owned businesses' access to PPP.

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The Senate cleared changes to the popular Paycheck Protection Program on Wednesday, June 3 that will allow small businesses more flexibility in using the rescue loan funds. The bill, which passed the House last week on a 471-1 vote, now... Read more

Small businesses may soon find more flexibility in the Paycheck Protection Program (PPP) as a bill passed the House on Thursday, May 28, 2020, that would extend the time in which businesses need to spend funds and alter the rule that they must... Read more

Thursday, May 28, 2020, the U.S. Small Business Administration, in consultation with the U.S.

CapNexus Sponsor, Hope Enterprise, is the subject of this Next City article detailing how the organization has managed to emerge from every economic or natural disaster bigger and... Read more

On Wednesday, May 20, 2020, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams released a statement regarding the agency’s joint proposed rulemaking with the Office of the Comptroller of the Currency (OCC) to modernize the... Read more

The new Interim Final Rules consist of 26 pages that build upon  the Loan Forgiveness Application and Instructions, which cleared up several items, and resulted in several questions, and now some have been answered. A second set of Interim Final... Read more

As businesses who received a Paycheck Protection Program (PPP) loan look forward to maximizing their loan forgiveness, this tool outlines the steps to take for PPP loan forgiveness. Look over these steps now to prepare for maximum loan... Read more

U.S. Department of Housing and Urban Development Secretary Ben Carson announced Friday, May 1, 2020, his Department will allocate $685 million in COVID-19... Read more

CapNexus sponsor, Hope Enterprise, published the article "Closing the CDFI Asset Gap" to address the disparities that persist in the amount of funding and... Read more