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As Congress prepares to return from a lame duck session, some 100 business groups again are calling for the House and Senate to enact a streamlined application process for loan forgiveness for many paycheck loans.
In a new letter to congressional leaders, the groups, including CUNA, NAFCU, the American Bankers Association and the Independent Community Bankers of America, called on the House and Senate to enact legislation that would forgive all Paycheck Protection Program loans of up to $150,000 based on a one-page application.
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