Lawsuit seeks data on PPP small business loans as large companies face deadline to return funds

  • 📰 ABC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

'Now is not the time for our nation's companies to profit at others' expense. We are all in this together.'

At least 407 publicly-traded companies applied for at least $1.3 billion in coronavirus relief loans under the Paycheck Protection Program, according to data analytics firm FactSquared."Now is not the time for our nation's companies to profit at others' expense. We are all in this together," said Sen. Marco Rubio, R-Fla., chairman of the Senate Small Business Committee, in a statement. The backlash prompted many companies to publicly announce the return of their loans.

As the deadline to return the loans arrives, five news organizations have announced they are suing the SBA for access to information on loan recipients.

ABC News has also unsuccessfully attempted to obtain information on the disbursement of PPP funding from the SBA. The SBA had no comment on the lawsuit.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Aww you used a Q quote ❤️🇺🇸❤️

Oh so it’s only okay for the media and politicians to profit at our expense tho? Whoever posted this. Go home for two months with no pay then start posting again. These fake ‘reports’ don’t seem essential to me...

Please please together we can if we feel peaty for others as we give back to those who can't make it this time and the kingdom of Jah we gonna see abrighta day really.

That's the only way companies profit, at the expense of others. Literally.

No one is acting like it, everyone wants so badly for everyone else to fail so they can be right that it is going to destroy everything

How much money is abc getting from China?

Give more money to the Rich .. your gone..

American Greed is real

OVERSIGHT

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines