The Coronavirus Crisis
Banks Are Opting Out of the Government’s PPP Loan Forgiveness Process
Bank of America, JPMorgan Chase, and PNC have all passed on an SBA policy that would allow small business owners some relief.
Bryce Covert
Bryce Covert is an independent journalist writing about the economy. She is a contributing op-ed writer at the New York Times and a contributing writer at The Nation. Her writing has appeared in Time Magazine, the Washington Post, New York magazine, the New Republic, Slate, and others. She won a 2016 Exceptional Merit in Media Award from the National Women’s Political Caucus.
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The Coronavirus Crisis
Banks Are Reversing Course on PPP Loans to Small Business Owners
Four small business owners said they have been notified by their lenders that they shouldn’t have received the amount they were approved for.
The Coronavirus Crisis
States Are Making Tenants Jump Through Hoops to Get Federal Rental Assistance
Congress has approved $46.5 billion in rental assistance, but onerous documentation requirements make it hard for people to qualify.
The Coronavirus Crisis
Most Small Business Owners Still Haven't Had Their PPP Loans Forgiven
The numbers are even worse for Black business owners: Three-quarters still haven’t received forgiveness, according to a recent survey.
Election 2020
Colorado Voters Could Be First to Pass Paid Family Leave by Ballot Measure
With the decision directly in voters’ hands, corporate lobbying interests were sidelined.
The Coronavirus Crisis
Covid-19 Workers' Comp Claims Are Being Held Up or Denied
Employers and insurance companies are insisting employees, even those directly exposed to the virus, can’t prove they got sick at work.
The Coronavirus Crisis
Banks Stand to Make $18 Billion in PPP Processing Fees From CARES Act
That’s money taken directly out of the $640 billion pot of funding Congress allocated to the PPP program.
A Bail Reform Tool Intended to Curb Mass Incarceration Has Only Replicated Biases in the Criminal Justice System
Kentucky was an early adopter of risk assessments in an effort to release more people without bail. But the algorithms are reproducing systemic inequities.
The Coronavirus Crisis
The Coronavirus Stimulus Discourages Aid to Small Business Owners With a Criminal Record
The Paycheck Protection Program, created by Congress through the CARES Act, is disqualifying and discouraging small business owners with felony convictions.
The Coronavirus Crisis
Small Business Owners Asked to Sign Onto PPP Loans With No Guarantee of Forgiveness
Small business owners have been asked to sign onto contracts for loan contracts saying “forgiveness may apply” — and no guidance on how to go about achieving it.