A man pleaded guilty to a PPP fraud scheme that netted him over $1 million in pandemic relief funds meant for small ...

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A federal investigation blames fintechs for rampant Paycheck Protection Program loan fraud. The resulting report named fintechs and lenders it said failed to screen for fraudulent claims. It could ...

A government watchdog said the Small Business Administration (SBA) handed out $684 million worth of Paycheck Protection Program (PPP) loans during the COVID-19 pandemic to scores of nonprofit ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

Lenders with less than $1 billion in assets have special access to the Paycheck Protection Program from 4 p.m. to 11:59 p.m. on Wednesday, per an announcement by U.S. Small Business Administration ...

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was a federal law enacted in or around March 2020 designed to provide emergency financial assistance to the millions of Americans who ...

Even if businesses have secured forgiveness for their PPP loans, the work still might not be done. Here's a costly mistake companies need to avoid to steer clear of increasing federal scrutiny.

Some of the most prolific online lenders in the federal Paycheck Protection Program had remarkably lax fraud protection controls even as they approved billions of dollars worth of loans in the ...