Paycheck Protection Program News

House Panel Says Lax Screening Helped Facilitate PPP Fraud

WASHINGTON (AP) — Financial technology firms abdicated their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers employed during the pandemic, a report by a House investigations panel …

Prominent Plaintiffs’ Firms Sought Government Bailout to Stay Afloat

Several prominent plaintiffs’ law firms, known for striking large settlements with companies like German carmaker Volkswagen AG and Equifax Inc, were approved for loans that totaled tens of millions of dollars in government aid meant to help small businesses stay …