A congressional report says financial technology companies fueled rampant PPP fraud

📆 06/12/2022 18:41:00

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A sprawling congressional report accuses several little-known financial technology companies, or fintechs, of reaping 'billions in fees from taxpayers while becoming easy targets for those who sought to defraud the PPP,' or Paycheck Protection Program:

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House report claims fintechs processed billions in fraudulent PPP loans - Jacksonville Business JournalAmid the debate about whether fintechs should have a larger role in government-backed small-business lending programs, a new report claims fintechs processed billions in fraudulent PPP loans.
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