Fintech lenders sidelined in second round of PPP funding
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Fintech lenders sidelined in second round of PPP funding

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Congress set aside $60bn for small businesses in the second round of funding for the Paycheck Protection Program (PPP), but excluded fintechs from participating in distributing the funds. While fintechs thought the pandemic could be a chance to solidify their standing in the lending world, legislators have been reluctant to give them the opportunity.

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