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The department operates under the California Business, Consumer Services and Housing Agency. The DFPI protects California consumers and oversees the operations of state-licensed financial institutions, including banks, credit unions, debt collectors, nonbank mortgage lenders, student loan servicers, money transmitters, and others. Additionally ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). [5] [6] Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer.
To help California residents battle inflation, the state started sending Middle-Class Tax Refund (MCTR) payments early October. However, some residents are still waiting for the one-time payments ...
Such referrals to the Treasury are required once a loan is 120 days past due, the agency said. ... “It shouldn’t be this hard to pay back a loan,” Harb said. California resident Robert ...
Confusion marked the early days of Paycheck Protection Program loans, even though a decades-old mandate limits how federal money can be spent on lobbying and politics. ‘Far from clear.’
An economic development incentive is known as "cash or near-cash assistance provided on a discretionary basis to attract or retain business operations." [1] These benefits principally encompass tax and economic incentives provided by federal, state, or local governmental bodies.
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