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,...
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...
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...
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...
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...
From multinational banks to community financial institutions (FIs), teaming up with external help can be a valuable strategy to strengthening product offerings. This week’s examination...
According to an analysis by the Small Business Administration (SBA)’s Office of the Inspector General, there were 4,260 borrowers who received duplicate loans sent out...
A potential deal to lengthen the Small Business Administration’s (SBA’s) Paycheck Protection Program (PPP) is in progress ahead of the initiative’s current March 31 deadline,...
The nation’s small businesses are facing an ignominious anniversary: nearly a year has passed since the first round of pandemic-related closures kicked off last year...