News Formal

A congressional report says financial technology companies fueled rampant PPP fraud

  • 📰 WBUR
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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:

The email address entered is invalidThank you! You have been subscribed to WBUR Today.

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:

 /  🏆 274. in US
 

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

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: JaxBizJournal - 🏆 599. / 51 Read more »