Fintechs Get Limited Access to SBA Loans

In this week's episode of the Paper Podcast, Ryan James explores a proposed Senate bill that aims to limit the involvement of fintechs in SBA 7(a) loans. The bill received overwhelming support with an 18-1 vote during a panel meeting. Its primary goals are to strengthen oversight and impose limitations on new non-bank entrants participating in the small business administration's lending program. Ryan provides valuable insights and sheds light on the reasons behind his support for the bill's passage through the Senate. Thank you for watching this episode! If you enjoyed it and want to stay up to date with new upcoming episodes, please subscribe and share with a friend or colleague!For more information: ryangjames.com/paper-podcast#PaperPodcast #Community #Banking #BankingIndustry #Bankers #BankCEOs #BankingFAQs #BankManagement #BankingRegulations #Fintechs #PaycheckProtectionProgram