Philadelphia Tribune: Black Business Owners Hope to Get More Funding Through Paycheck Protection Program

“We expect the additional PPP funding will run out of money just as quickly as the first round — if not sooner — and it’s only going to reach very small and minority-owned businesses if the Small Business Administration makes that a priority,” Jesse Van Tol, CEO of National Community Reinvestment Coalition said in a statement.

“Congress should have gone further and required that, but it didn’t. If the SBA doesn’t explicitly prioritize micro-businesses and minority-owned businesses, it’s likely that bigger companies will once again dominate the program while the smallest businesses are once again left out.”

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CFPB, FHFA Establish New Borrower Protection Program to Respond to COVID-19 Pandemic

This month, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) announced the new Borrower Protection Program that streamlines consumer protection oversight of mortgage servicers through new data and information sharing between the program sponsors as they respond to the coronavirus pandemic.

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When Americans Need Safe Shelter The Most, Some Will Be Turned Away Because Of Their Gender Identity

The COVID-19 crisis has increased America’s already considerable need for safe, accessible shelters. So this seems as good a time as any to point out that many domestic violence shelters and homeless shelters will flat-out reject potential residents for being transgender and/or non-binary – or place them in separate, isolated housing.

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Zo Amani

CRA Coordinator zamani@ncrc.org 202-464-2726 Zo Amani is the CRA Coordinator at NCRC. Prior to joining NCRC, Zo worked at the Board of Governors of the Federal Reserve System, where he supported the Board’s HR analytics and workforce planning functions. Additionally, he provided policy support for the Board’s Community Reinvestment Act modernization efforts and volunteered with

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NCRC, Prosperity Now Call on Congress, Trump Administration for Additional Relief Efforts

Even as the Trump Administration and Congress take important but limited steps in a fourth stimulus bill to replenish funding for the Payroll Protection Program, much more must be on the table in the coming weeks for U.S. households, including homeowners, renters and the nation’s smallest enterprises, to not only prop up the U.S. economy but to ensure a reasonable economic recovery.

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