March 10, 2021 @ 7:06 pm By Omar Faridi
Immigrants who might not have an established credit history may be able to take advantage of advancements in Fintech that provide tools to help these people become homeowners and gain employment as well, according to industry professionals.
As first report by CQ Roll Call, new immigrants have to face challenges upon their arrival to countries like the US. The barriers may include them not knowing the language or even facing discriminatory policies. Fintech specialists have pointed out that immigrants are unable to gain access to the credit required for covering basic expenses such as renting out an apartment, acquiring an autonomile loan or getting a mobile phone.
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The pace of forgiveness for Paycheck Protection Program loans is expected to accelerate when the Small Business Administration issues guidance on expanded streamlining.
Several community banks said they didn't have enough time to review the Paycheck Protection Program's application forms, forcing them to sit out Monday's reopening. The SBA is not saying when more lenders will be allowed to access its portal.