Marco Rubio

@marcorubio ↗

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Last Checked Nov. 20, 2022

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Sat Apr 04 11:16:22 +0000 2020

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Marco Rubio @marcorubio

The good news is multiple FinTechs including @PayPal & other online lenders are ready,able & willing to process #PPPloans for them & anyone else.But they need @USTreasury to release application for nonbank lenders to become certified. I expect that very early next week. 5/13 — PolitiTweet.org

Posted April 4, 2020 Hibernated

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Marco Rubio @marcorubio

First issue is that for now most banks only providing #PPPloans to existing clients because the @SBAgov interim final rule only exempts money- laundering requirements for existing customers. But that makes it difficult for #SmallBusiness if they are denied by their bank. 4/13 — PolitiTweet.org

Posted April 4, 2020 Hibernated

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Marco Rubio @marcorubio

Second issue is that because of requirement in @SBAgov interim final rule that lenders hold loans for 7 weeks before they can be purchased,we will need a purchase mechanism through @USTreasury or @federalreserve ASAP in order for community banks & FinTech to make #Ppploans 6/13 — PolitiTweet.org

Posted April 4, 2020 Hibernated