{"id":14816,"date":"2020-04-24T11:13:10","date_gmt":"2020-04-24T11:13:10","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=14816"},"modified":"2020-04-24T11:13:10","modified_gmt":"2020-04-24T11:13:10","slug":"fintech-lenders-lobby-for-inclusion-in-coronavirus-relief-package","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/fintech-lenders-lobby-for-inclusion-in-coronavirus-relief-package\/","title":{"rendered":"FinTech lenders lobby for inclusion in coronavirus relief package"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">FinTech lenders in the United States have been active in lobbying the government to allow nonbanks to participate in an emergency loan program aimed at providing financing to small businesses. The language of the USD 2 trillion coronavirus relief bill does include opportunities for FinTech lenders to provide support; however, they still need clarification from the United States Department of the Treasury as to precise definitions for which actors are allowed to perform which actions under the program. FinTech lenders argue that their role is vital in supporting small businesses as they can provide them with the financing they need in under 24 hours, whereas traditional banks can sometimes take over a month.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-14816 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Video: the threat of payment apps to U.S. banks'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-the-threat-of-payment-apps-to-u-s-banks\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/08\/U.S.-Banks-Are-Terrified-of-Chinese-Payment-Apps-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13477\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13477'>\n\t\t\t\tVideo: the threat of payment apps to U.S. banks\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Biz2Credit launches disaster loan resources for small businesses'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/biz2credit-launches-disaster-loan-resources-for-small-businesses\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/04\/colleagues-giving-fist-bump_53876-64857-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14813\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14813'>\n\t\t\t\tBiz2Credit launches disaster loan resources for small businesses\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Capitalise.com launches coronavirus platform for small businesses'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/capitalise-com-launches-coronavirus-platform-for-small-businesses\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/04\/construction-concept-illustration_114360-1718-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14821\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14821'>\n\t\t\t\tCapitalise.com launches coronavirus platform for small businesses\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>FinTech lenders in the United States have been active in lobbying the government to allow nonbanks to participate in an emergency loan program aimed at providing financing to small businesses. The language of the USD 2 trillion coronavirus relief bill does include opportunities for FinTech lenders to provide support; however, they still need clarification from &hellip;<\/p>\n","protected":false},"author":12,"featured_media":14818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,79],"tags":[489],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14816"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=14816"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14816\/revisions"}],"predecessor-version":[{"id":14817,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14816\/revisions\/14817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/14818"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=14816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=14816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=14816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}