Paycheck Protection Program

Will Congress Extend The PPP’s June 30 Deadline?

Will Congress Extend The PPP’s June 30 Deadline?
Will Congress Extend The PPP’s June 30 Deadline?
June 26, 2020  |  Loans

The deadline for applying for Paycheck Protection Program loans is coming next Tuesday (June 30) after the PPP’s long and eventful run, which started in...

READ MORE >
Deep Dive: Using Digital Payroll Tools To Maintain Financial Lifelines In Uncertain Times
Deep Dive: Using Digital Payroll Tools To Maintain Financial Lifelines In Uncertain Times
June 26, 2020  |  Real-Time Payments

The United States federal government sought to disburse more than $1 trillion in stimulus funding in the early days of the COVID-19 lockdown to help...

READ MORE >
GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
June 25, 2020  |  Economy

Federal agencies lack controls to ensure that Americans aren’t collecting unemployment while also getting paid by companies utilizing Paycheck Protection Program (PPP) loans, the U.S....

READ MORE >
DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
June 23, 2020  |  Cybersecurity

A 44-year-old Texas man, Fahad Shah, was charged with fraud for allegedly attempting to file fake loan applications for the Paycheck Protection Program (PPP), according...

READ MORE >
Some PPP Borrowers Foresee Layoffs When PPP Money Runs Out
Some PPP Borrowers Foresee Layoffs When PPP Money Runs Out
June 23, 2020  |  Loans

After using their Paycheck Protection Program (PPP) loans, 14 percent of borrowers foresee needing to lay off staffers, per a survey from the NFIB Research Center. Half...

READ MORE >
Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
June 22, 2020  |  News

In today’s top news, Wirecard says the missing $2.1 billion from its Philippines accounts probably never existed, and checkout.com raised $150 million. Plus, U.S. consumers...

READ MORE >
Treasury To Release SMB Data On PPP Loans
Treasury To Release SMB Data On PPP Loans
June 22, 2020  |  Loans

In a 180-degree turn, the Trump administration now says it will release the names of Paycheck Protection Program (PPP) recipients and the amount of taxpayer-funded...

READ MORE >