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PAYCHECK PROTECTION PORTAL UPDATE
A recent report indicates the PPP portal doesn’t appear to allow lenders to upload a borrower’s application for a second-draw PPP if...
NEW LAW EXTENDS COVID TAX CREDIT FOR EMPLOYERS WHO KEEP WORKERS ON PAYROLL
IR-2021-21, Jan. 26, 2021 WASHINGTON — The Internal Revenue Service urges employers to take advantage of the newly-extended employee...
UPDATE: Families First Coronavirus Relief Act
This Update covers two developments related to the March 2020 Families First Coronavirus Relief Act (FFCRA). First, the “paid sick...
Congress Continues with Version of 2020 Bipartisan COVID-19 Emergency Relief Act
The Country waits while Congress continues the back and forth on the latest version of a Bipartisan COVID-19 Emergency Relief Act of 2020...
CFPB Commences Military Lending Act Enforcement Action Against LendUp
December 4, 2020 Earlier today, the CFPB filed an action in federal court against LendUp, an online lender that provides single-payment and...
IRS Releases PPP Loan Forgiveness Tax Guidance
November 23, 2020 On November 18, 2020, the Internal Revenue Service issued guidance to clarify that business expenses paid with any...
Federal Court Orders SBA to Release Information on All PPP Recipients
November 17, 2020 A federal district court ordered the Small Business Administration (SBA) to release the names, addresses, and loan...
SBA Announces NEW PPP Forgiveness Process for Loans of $50,000 or Less and a Big Change in Forgiveness Standards for these Small PPP Loans
October 9, 2020 Late on Thursday, October 8, 2020, the SBA issued new guidelines to simplify forgiveness applications for PPP Loans of...
SHARE-WORTHY STORIES FROM YOUR INDUSTRY 9-4-20
Sharing a positive news story about pawnbroking is an easy step you can take to help positively impact the perception of pawn. Want to...
SECURITY ALERT: Hackers Are Targeting Businesses Trying to Access the Small Business Administration’s COVID-19 Relief Website
August 14, 2020 The federal Cybersecurity and Infrastructure Security Agency (CISA) issued a warning on August 12, 2020 that some person or...
Request To Urge Members of Congress To Include Automatic PPP Forgiveness in Relief Legislation
Contact Your Members of Congress and Urge Them to Include Automatic Forgiveness for Paycheck Protection Program Loans of $150,000 or Less...
Good News: Non-Recourse Pawn Loans” Remain Excluded from the CFPB Revised Regulations on Payday, Vehicle Title, and Certain Small-Dollar Loans
July 8, 2020 On July 7, 2020, the CFPB published its long-expected revisions to the Regulation on Payday, Vehicle Title, and Certain...
SBA Issues New PPP Loan Forgiveness Forms
June 22, 2020 On June 17, 2020, the Small Business Administration (SBA) published two new loan forgiveness forms that conform to the...
Has the SBA Denied Your EIDL Application? NPA Information to Help Pawnbrokers Seek Reconsideration
June 9, 2020 NPA’s Team GRC has learned from several pawnbrokers of their EIDL applications being denied by the Small Business...
Congress Modifies Major CARES Act’s Provisions on Loan Forgiveness and Payroll Taxes
June 5, 2020 On Wednesday, June 3rd, the Senate passed H.R. 7010, the “Paycheck Protection Program Flexibility Act of 2020”. The bill...
