The United States Department of the Treasury (“Treasury”) recently announced that a second application round has opened for investments in eligible Minority Depository Institutions (“MDIs”) and Community Development Financial...more
Congress on Monday approved a deal on a $900 billion COVID-19 economic relief package, which is expected to be signed into law within the next few days. The bill provides $12 billion in support to small lenders focused on...more
Millions of businesses received hundreds of billions in forgivable loans under the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) and the Paycheck Protection Program (PPP). These forgivable loans allow...more