Spain economy

USAID announces new partnership with Root Capital, Keurig Dr Pepper and Ezrah Charitable Trust to protect supply chains and agribusiness amid COVID-19 – World

Press relations office [email protected] Today, the United States Agency for International Development (USAID) announced the Feed the Future Partnership for Sustainable Supply Chains, a new collaboration with Root Capital, Keurig Dr Pepper and Ezrah Charitable Trust to help small agricultural businesses around the world to stay afloat during the COVID-19 pandemic and rebuild in its […]

Spain economy

PPP Loans and Equal Credit Opportunity Law Compliance | Man’s pepper with trout

A number of our clients have asked about how to handle loan applications received under the Paycheck Protection Program (PPP) for the purposes of the Equal Credit Opportunity Act (ECOA). This has become an urgent issue as the PPP is strapped for funds at the moment. PPP loans are subject to the ECOA for the […]

Spain economy

Federal Reserve Adds Nonprofit Lending Facilities and Other Updates to Main Street Lending Program | Man’s pepper with trout

MSLP installations for for-profit companies Since mid-July, the Boston Fed has updated the MSLP Business FAQs twice (posts July 15 and 31) with additional details and clarifications. Significant changes and additions to the existing FAQs for MSLP facilities for eligible for-profit borrowers include: A new FAQ has been added confirming that when a borrower is […]

Spain economy

CFPB eases underwriting requirement for small loans | Man’s pepper with trout

The Consumer Financial Protection Bureau (CFPB) issued a final rule on July 7, 2020 repealing the mandatory repayment capacity of underwriting provisions on small dollar loans that it had previously announced under 12 CFR § 1041 (the final rule ). The final rule left the payment provisions intact. The CFPB first finalized regulations governing small […]

Spain economy

Link’s € 200million merger with parent company Pepper Ireland must be investigated

The € 200 million merger between Australian company Link Group and the immediate parent company of Pepper Ireland has been fully investigated. The Competition and Consumer Protection Commission (CCPC) said the investigation was necessary to determine whether it could lead to a substantial decrease in competition in the state. Link announced his intention to take […]

Spain economy

Pepper Ireland buyer sees ‘bright’ future in bad debts

Link Group, the listed Australian company that is buying Pepper Ireland, said the cycle of post-Covid non-performing loans (NPLs) across Europe meant a “very bright” future for its expanded business. epper European Services (PES) and Link’s BCM, who will join forces after the transaction, will deal with bad debts or bad debts. Earlier this year, […]

Spain economy

Congress Passes Law With Substantial Changes To The Remission Of PPP Loans Man’s pepper with trout

[co-authors: James Stevens, Matthew Roberts, Lindsay Austin, Jeremy Tomes]* Persistent questions regarding loan cancellation, a key feature of the Small Business Administration (SBA) Paycheck Protection Program (PPP) created by the Coronavirus Aid, Relief and Economic Security Act (the CARES Act), have been addressed in legislation passed by Congress. . On May 28, 2020, the House […]

Spain debt

Spain’s debt increases by 146 billion euros

The proof that there is no rebalancing in Europe is easy to find. For example, El Pais reports that Spain’s debt increases by 146 billion euros. The following is a Mish edited translation of the above Google translation. Key points Public debt exceeds 882 billion euros at the end of 2012 Debt increased by 146 […]