Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked Nov. 22, 2020

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Fri Apr 03 16:11:50 +0000 2020

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Rep. Don Beyer @RepDonBeyer

So every big bank, community bank, credit union, etc is trying to make sense of these rules right now. Some are just saying "yes" and hoping for the best, some are processing loans for people they've already underwritten first, and some aren't doing any at all. Chaos. — PolitiTweet.org

Posted April 3, 2020 Hibernated

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Rep. Don Beyer @RepDonBeyer

Banks have regulations governing the kinds of risks they can take in issuing business loans and the kinds of due diligence they have to take before underwriting loans. SBA and Treasury were all over the place in telling banks what the rules were for PPP loans into the 11th hour. — PolitiTweet.org

Posted April 3, 2020 Hibernated

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Rep. Don Beyer @RepDonBeyer

I have the same message for banks across the US that we gave to VA lenders last night: PLEASE help people. The intent of the law when we wrote it was to make PPP a vehicle to get money to people ASAP to protect workers and keep these small businesses afloat. PLEASE help people. — PolitiTweet.org

Posted April 3, 2020 Hibernated