The Biden administration just made it easier for very small businesses and self-employed workers to get more money in less time. Paycheck Protection Program loan portal opens to larger lenders soon: ...

When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get, ...

Although the Paycheck Protection Program ended in 2021, PPP loan enforcement and litigation remain alive and well. Government and private actions during the past 12 months signal a continued focus on ...

A new congressional report finds that financial technology companies enabled fraud in the Paycheck Protection Program, which gave forgivable loans to small businesses during the pandemic. Rampant ...

ID Logistics US has settled a case of alleged pandemic relief fraud for $2.6 million. The post ID Logistics settles claim of Covid loan fraud for $2.6M appeared first on FreightWaves.

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...

Hanging over the $800 billion Paycheck Protection Program, one of the government’s most expensive pandemic relief efforts, is a simple question. Did it work? New research, drawing on millions of wage ...

On March 27, 2020 the House of Representatives passed the 2+ trillion dollar bill, the CARES Act, in an effort to rescue the US economy and the millions of Americans economically impacted by the ...

The Paycheck Protection Program (PPP) and the PPP Liquidity Facility were launched early in the pandemic to help many small businesses survive. These programs encouraged banks to lend more extensively ...

On June 13, 2023, the U.S. Small Business Administration (“SBA”) issued new FAQ 72 (“FAQ 72”) to help clarify whether amounts paid by borrowers to third-party payers for the third-party payer’s ...

With most tax returns now across the filing deadline, some investors and their wealth advisors are confronting potential scrutiny of the free money they received during the pandemic. Processing ...

For months, we exposed rampant fraud in the Chicago area during the COVID-19 pandemic. Now, a new federal report says a U.S. government agency dropped the ball on preventing billions of dollars in ...