WASHINGTON—The Federal Reserve will host a webinar through its "Ask the Fed" program for all eligible Paycheck Protection Program Liquidity Facility (PPPLF) participants, or Small Business Administration qualified lenders, on Sept. 18.
The webinar will provide a comprehensive update on reporting requirements, as well as information on the paydown process for PPPLF participants that receive loan paydown payments on paycheck protection program (PPP) loans that are pledged to the PPPLF.
In addition, the webinar will cover the steps a PPPLF participant would need to take in specific cases where the maturity of an existing PPP loan pledged to the PPPLF is extended from two years to five years, NAFCU said.
The webinar is scheduled to begin Sept. 18 at 2 p.m. ET; registration is now open. Participants can email questions in advance to questions@askthefed.org.