Por: New York Post Business December 02, 2022
Financial tech companies that were acting as go-betweens to facilitate the of the coronavirus pandemic defrauded the federal government out of large sums of money, according to a report. A congressional report names at least three companies — Blueacorn, Womply and Kabbage — that are alleged to have at the start of the COVID lockdowns in the spring of 2020. The companies were initially tasked with helping PPP loan applicants file paperwork... + full article
Business Insider USA Business December 17, 2022
America's fintech darlings became the by easing the process for troubled small-business owners, but now they're in hot water over suspicions that they facilitated fraud.The US House Select Subcommittee on the Coronavirus Crisis released a this month that named... + más
House panel says lax screening helped facilitate PPP fraud | WPLG Local 10
House panel says lax screening helped facilitate PPP fraud | Associated Press
NBC News USA Business December 01, 2022
A couple who founded an Arizona-based financial technology firm in the early days of the pandemic raked in an estimated $120 million in processing fees from handing out billions in Paycheck Protection Program loans even though their company did little to police fraud, according... + más
Associated Press USA Politics December 01, 2022
WASHINGTON (AP) — Financial technology firms abdicated their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers employed during the pandemic, by a House investigations panel said Thursday.The... + más
PPP SMALL BUSINESS LOANS: How $525 billion in coronavirus-linked loans were spread across banks lenders | Business Insider
WPLG Local 10 USA Politics December 01, 2022
WASHINGTON – Financial technology firms abdicated their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers employed during the pandemic, by a House investigations panel said Thursday.The House... + más
WPTV USA Nation October 18, 2022
CINCINNATI — Documents revealed that seven people who were under FBI investigation in Greater Cincinnati had their Paycheck Protection loans forgiven by the U.S. Small Business Administration.The anomaly was found by comparing SBA forgiveness data to criminal complaints in... + más
Democratic lawmaker calls for expanded forgiveness of PPP loans, decrying the pain felt by 'our smallest of small businesses' | MarketWatch
MarketWatch USA Politics September 29, 2022
Earlier this month, Houlahan and 39 other Democratic lawmakers signed onto a to SBA Administrator Isabella Guzman inquiring if her agency “has the legal authority needed to make amounts of PPP loans received due to ‘excess loan amount errors’ eligible for loan... + más
Conservative Group Asks Judge to Block Student Loan Forgiveness | Time
Business Insider USA Business September 23, 2022
In April 2020, the US government launched the historic Paycheck Protection Program (PPP) for banks to provide financial assistance to small businesses struggling amid the COVID-19 pandemic. A staggering $659 billion was allocated to the PPP across two separate installments, with... + más
Bayley Comments on Sasha Banks and Naomi's Hiatus, Potential Return to WWE | Bleacher Report
US has sent $8.28 billion in pandemic funds to local lenders | Associated Press
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