During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.
Fed Preparing to Finance New Small-Business Payroll Loans by The Wall Street Journal – One of the big constraints for small banks and fintech lenders to ramp up PPP lending is access to enough capital. Today, the Wall Street Journal is reporting that the Fed will create a facility to purchase these loans thereby freeing up more capital to lend.
Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.