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GAO publishes report on PPP
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Banking, Consumer Protection, Financial Stability, Nonbank Financial
Friday, September 24, 2021
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The U.S. Government Accountability Office (GAO) published a report on the Paycheck Protection Program and the changes made to it to address the concern certain smaller and minority-owned businesses were unable to access the program.
The GAO conducted this study because the CARES Act contained a provision for the agency to monitor the federal government’s efforts to respond to the pressures of the COVID-19 pandemic.
Read on for more details.
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