Paycheck Protection Program

First Pandemic Loan Scammer Sent To Federal Prison After Faking Suicide

First Pandemic Loan Scammer Sent To Federal Prison After Faking Suicide
First Pandemic Loan Scammer Sent To Federal Prison After Faking Suicide
October 08, 2021  |  Cybersecurity

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...

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Business Bankers Find The Long-Term Lessons Of PPP
Business Bankers Find The Long-Term Lessons Of PPP
June 17, 2021  |  B2B Payments

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...

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Restaurant Roundup: Tesla Mulls Retro Diner; Lawmakers Look Ahead
Restaurant Roundup: Tesla Mulls Retro Diner; Lawmakers Look Ahead
June 04, 2021  |  ResTech

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...

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Report: Kabbage, FinTechs Under Justice Department Scrutiny For PPP Loan Distribution
Report: Kabbage, FinTechs Under Justice Department Scrutiny For PPP Loan Distribution
May 09, 2021  |  Loans

The U.S. Department of Justice is conducting a civil probe into whether some FinTechs distributing federal Payroll Protection Program relief botched loan sizes, Reuters reported,...

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Credit Union Group Adds Voice To Resolving PPP Problems For SMBs
Credit Union Group Adds Voice To Resolving PPP Problems For SMBs
April 23, 2021  |  Loans

The Paycheck Protection Program (PPP) has a problem with its forgiveness program, according to the Credit Union National Association (CUNA), which wrote to the House...

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Senate Extends PPP For Two Months
Senate Extends PPP For Two Months
March 25, 2021  |  Loans

The U.S. Senate has passed a bill extending the Paycheck Protection Program (PPP) until the end of May, which will give pandemic-beleaguered businesses more time...

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How Bank-End Augmentations Helped Customers Bank Battle PPP Frustrations
How Bank-End Augmentations Helped Customers Bank Battle PPP Frustrations
March 25, 2021  |  Banking

Loans have served as lifelines for SMBs during the pandemic, but accessing these funds often requires navigating legacy onboarding systems and friction-filled fraud-prevention measures. In...

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Report: Automation And Tight KYC Process Improve SMBs’ Loan Access
Report: Automation And Tight KYC Process Improve SMBs’ Loan Access
March 24, 2021  |  Banking

Financial institutions (FIs) are turning their focus to the post-pandemic world and contemplating the measures that will need to be taken in a radically changed...

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