An analysis from the University of Texas at Austin suggests "fintech" lenders allowed fraudulent businesses to get billions in emergency COVID-19 aid.

Local News Ohio warns PPP loan borrowers about new scam The Ohio Department of Commerce warns residents of scammers targeting PPP loan borrowers to access their bank accounts.

Bob Kleinschmidt, a self-employed management consultant, received a letter from Bank of America declaring his PPP loan, secured for his business in the pandemic, in default.

Customers Bancorp in Pennsylvania has agreed to pay $58 million to settle a dispute over its loan partnership with Kabbage during the Paycheck Protection Program.

PPP Fraud: Some Lenders Were Bank Robbers, Congressional Investigators Say The SBA will cease working with fintechs Womply and Blueacorn, as it also investigates a handful of other firms ...

A 52-year-old Temple Terrace woman pleaded guilty to submitting false information to obtain more than half a million dollars in PPP loans.

Mid Penn Bank filed breach of contract lawsuit against Prince Preferred Hotels Natchez's application for a Paycheck Protection Program (PPP) loan after the defendant allegedly failed to disclose ...

The Federal Reserve Board on Tuesday said it fined Popular Bank of New York BPOP $2.3 million for processing six potentially fraudulent Paycheck Protection Program loans. The central bank said ...

BayVanguard Bank CEO David Flair said he wondered whether the SBA would forgive #PPP #loans as easily as promised. So far the answer is yes, he said during a recent panel discussion with other ...

The Ohio Department of Commerce is warning Ohio residents who have taken out Paycheck Protection Program loans about a new scam.