The Biden administration wants congressional approval for a $1.6 billion plan tackling COVID-related fraud. The proposal, announced Thursday (March 2), would prosecute people who committed...
FinTechs failed the American government during the pandemic, while traditional banks wisely sat things out. That’s the short version of a new congressional report that...
A U.S. House subcommittee said FinTech companies facilitated fraud in the Paycheck Protection Program (PPP). A staff report of the Select Subcommittee on the Coronavirus...
In this month’s “Money Mobility Tracker®,” PYMNTS analyzes why the record surge in stimulus checks made clear why governments need the ability to make digital...
While Cross River Bank had been doing massive amounts of work helping small businesses get Paycheck Protection Program (PPP) loans at the beginning of the...
The old saying goes: Faster payments make for faster fraud. That sentiment might (and not necessarily accurately) apply to real-time payments. But one might also...
A Massachusetts man was remanded to federal prison after being charged with fraudulently obtaining Pandemic Paycheck Protection (PPP) loans in the amount of $543,000 and...
Financial institutions (FIs) of all shapes and sizes say the Paycheck Protection Program (PPP), having presented a slew of challenges for many lenders, offered some...
Tesla may have plans to get into the restaurant business. The company filed three trademark applications that indicate its interest in the food service industry...