Paycheck Protection Program Listening Sessions

On April 14, 2020, the OCC issued News Release 2020-53 announcing the Office of Innovation's facilitation of three listening sessions to discuss issues and potential solutions relating to the Paycheck Protection Program (PPP) as established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The overarching purpose of holding the listening sessions was to maximize the PPP's chance of success by identifying positive solutions to implementation problems that banks had raised to the OCC.

Summaries of these listening sessions are available by clicking the following links:

• Summary of the OCC's Paycheck Protection Program Listening Session on Payroll Verification (PDF)
• Summary of the OCC's Paycheck Protection Program Listening Session on Fraud Identification (PDF)
• Summary of the OCC's Paycheck Protection Program Listening Session on Backend Processes (PDF)