One area of modern finance that is not spoken about nearly enough is how a flood of government-back PPP loans has impacted the overall economic landscape. This is a brand-new product to hit the market in response to COVID-19, and some industry players have wasted no time figuring out how they can profit from it. The mid-tier banks in particular have done well by collecting fees on these loans. Big banks also got in on the action, but the mid-tier players have made it a central piece of their ongoing operations.
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