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Fed says working to broaden access to 'PPP' facility beyond banks

The Small Business Administration’s Paycheck Protection Program loans are being made by an array of institutions, including many deposit-taking banks but also Community Development Financial Institutions, financial technology firms and others.

The Fed program currently allows only banks to use their PPP loans as collateral to borrow from the Fed.


Source: Economy - investing.com

Bakkt’s New CEO Steps Down After Only 4 Months

U.S. pre-paid card providers angle for slice of stimulus check action: industry groups