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ALEXANDRIA, Va.–The loans credit unions are making through the Small Business Administration’s (SBA) new Paycheck Protection Program (PPP) are 100% guaranteed and will not count against a CU’s member business loan cap, according to a new letter from NCUA.

WASHINGTON–Treasury Secretary Steven Mnuchin said he has had discussions with congressional leaders about securing an additional $250 billion for the Paycheck Protection Program (PPP).

WASHINGTON–The Federal Trade Commission is mailing checks totaling more than $3.1 million to consumers who were victims of a student loan debt relief and credit repair scheme.