Bank of America Discovers Data Breach in PPP Application Process
Bank of America Corporation has informed its customers of a serious data breach affecting those who have applied for the Paycheck Protection Program (PPP). On April 22, client information was left vulnerable when the bank…
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Novel SBA Guidance Simplifies Key PPP Provision
Partnering with the Treasury Department, The U.S. Small Business Administration launched novel guidance offering vital clarifications for individuals taking advantage of the Paycheck Protection Program. Published on June 12, the Interim Final Rule edits the…
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ARA Provides Guidance on PEP & PPP Issues
The American Retirement Association, or ARA, offered the Department of Labor a series of recommendations involving potential service arrangements and proposed fee arrangements, as well as what the covered transactions may be under the possible…
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Senate Passes Paycheck Protection Program Legislation
The United States Senate just approved the House version of the Paycheck Protection Program (PPP) legislation this Wednesday, augmenting the time given for small businesses and other PPP loan recipients to utilize funds and still…
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House Signs Off on Paycheck Protection Fix Offering More Flexibility
The House of Representatives just approved a stand-alone rule that aims to alleviate snags small business leaders face under the Paycheck Protection Program (PPP). Launched by Representatives Chip Roy (R-TX) and Dean Phillips (D-MN), the…
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