Cheat sheet: 7 measures in House coronavirus bill that matter to banks
By Hannah Lang, Neil Haggerty and Brendan Pedersen
The $3 trillion coronavirus relief bill the House was slated to pass as early as Friday is unlikely to become law, but provisions addressing the economic fallout of the pandemic — such as extending the Paycheck Protection Program and expanding Federal Reserve lending facilities — could be on the table in negotiations with the Senate. …“It is a surprising provision for Democrats who are not normally big fans of debt collectors,” said Karen Petrou, managing partner at Federal Financial Analytics. “It is a backstop for debt collectors who are otherwise eligible for PPP loans or for that matter Main Street loans.”