Senate Agrees to Extend PPP Until August 8

The Paycheck Protection Program officially expired yesterday but last night the Senate reached a deal to extend the program until August 8; when the program expired there was still more than $130 billion left untapped; for the five week extension to become law the House will have to take up the senate proposal before going on a two-week recess at the end of the week; demand has slowed to a trickle so it is likely even with this extension there will still be money left over at the end of the extension; what to do with this money is still very much up for debate in Washington. Washington Post.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!