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Kevin L. Shivers We just came to the end of Black History Month the first since the pandemic began and we face a sobering set of unsolved challenges. Over 1.3 million African-Americans have contracted the coronavirus. It’s devastated families, damaged communities, and ruined progress. A year ago Black-owned businesses were gaining a real foothold in the economy, powering a roaring recovery. COVID-19 has dealt them a severe setback. It is exactly the wrong time to lay down new financial barriers to success. The top priority for community banks has been getting Paycheck Protection Program (PPP) loans quickly to distressed small businesses. But some in Washington are focused more on regulation than relief. Dave Uejio, acting director of the Consumer Financial Protection Bureau (CFPB), has promised to “reverse” policies “that weakened enforcement and supervision.”

United statesJelena mcwilliamsDave uejioJoe bidenConsumer financial protection bureauPennsylvania association of community bankersPaycheck protection programSmall business administrationBlack history monthPennsylvania associationCommunity bankersMore banksNot more regulationKey to minority business growthother commentariesKey to minority business growthஒன்றுபட்டது மாநிலங்களில்