Monday: PPP, Legislative updates that credit unions should be aware of


There have been several recent developments regarding the Paycheck Protection Program, and the New York state lawmakers have said that they intend to convene the current legislative session.

PPP. Here is the latest PPP guidance that credit unions should be aware of:

NYS Senate and Assembly. Based on New York Credit Union Association leaders’ discussions with state legislators, both bodies have every intention of returning to Albany for this legislative session. Their goal first and foremost is to pass much-needed legislation relating to COVID-19. There is not yet an official date for when legislators plan to return, but the Association will keep credit unions posted with news as it comes.

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