Paycheck Protection Program

KeyBank to Pay $7.77 Million to Settle PPP Fraud Allegations

KeyBank to Pay $7.77 Million to Settle PPP Fraud Allegations
KeyBank to Pay $7.77 Million to Settle PPP Fraud Allegations
January 07, 2026  |  Banking

KeyBank will reportedly pay $7.77 million to settle allegations that it sought forgiveness for fraudulent loans from the pandemic-era Paycheck Protection Program (PPP). Get the...

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Trust Multiplied: How Verified Data Platforms Strengthen Business Lending
Trust Multiplied: How Verified Data Platforms Strengthen Business Lending
April 09, 2025  |  Data & Research

During the pandemic, the government extended a $1.2 trillion lifeline through the Paycheck Protection Program (PPP). Four years on, the sobering stats show that the...

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President Biden Proposes $1.6B to Fight Pandemic-Related Fraud
President Biden Proposes $1.6B to Fight Pandemic-Related Fraud
March 02, 2023  |  Cybersecurity

The Biden administration wants congressional approval for a $1.6 billion plan tackling COVID-related fraud. Get the Full Story Complete the form to unlock this article...

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Congressional Report: Fraud in PPP Loans Separated FinTechs From Banks
Congressional Report: Fraud in PPP Loans Separated FinTechs From Banks
December 02, 2022  |  Cybersecurity

FinTechs failed the American government during the pandemic, while traditional banks wisely sat things out. Get the Full Story Complete the form to unlock this...

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US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’
US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’
December 01, 2022  |  Legal & Regulation

A U.S. House subcommittee said FinTech companies facilitated fraud in the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this...

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Addressing Government Assistance Pain Points for Small Business
Addressing Government Assistance Pain Points for Small Business
October 05, 2022  |  Money Mobility

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...

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Cross River Bank’s PPP Lending Practices Raise Questions
Cross River Bank’s PPP Lending Practices Raise Questions
August 21, 2022  |  Loans

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...

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PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
December 22, 2021  |  Cybersecurity

The old saying goes: Faster payments make for faster fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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