Aissatou Barry-Fall testifies at House subcommittee hearing Tuesday. (Screenshot of hearing).
A credit union CEO told U.S. House members Tuesday that the Small Business Administration needs to provide more information more frequently about the Paycheck Protection Program as it winds down, and the federal government needs to be thinking of next steps to help small businesses recover from pandemic shutdowns.
Aissatou Barry-Fall, president/CEO of Lower East Side People's Federal Credit Union in New York ($86 million in assets, 8,317 members) told members of a House subcommittee that her credit union and others that are also Community Development Financial Institutions (CDFIs) are working hard to process loans before the May 31 deadline for submission.
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