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COVID-19

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Banks rake in PPP fees

The Paycheck Protection Program (PPP), passed by Congress as part of the CARES Act, was set up to distribute forgivable loans to small businesses shuttered over coronavirus. Several banks are being sued for allegedly funneling PPP loans to bigger corporate clients to maximize their processing fee profits. In the first batch of coronavirus relief, banks have raked in $10 billion. Yahoo Finance reporter and anchor Akiko Fujita joins Elaine Quijano in the CBSN studio to talk about the implications for banks' bottom lines, and the future of coronavirus aid to small businesses.

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Education in a time of COVID-19

As schools throughout the country shut their doors in the face of a viral pandemic, students have entered a new world of education, by learning remotely through online classes and paper packets. How is the current reality of education compromising the effects of personal, one-on-one instruction, especially for learners who are struggling? And how will this environment affect the grades of high school juniors aiming toward college acceptance? Correspondent Erin Moriarty talks with educators, parents and students about classwork when the classroom is closed.

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