The Federal Reserve designed its Paycheck Protection Program Liquidity Facility to ease liquidity issues and support small business lending during the pandemic. The liquidity facility allowed banks to ...
One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...
Treasury Secretary Steven Mnuchin defended his department’s decision to only release a partial list of the Paycheck Protection Program’s loan recipients, but said Congress could obtain additional ...
THE PAYCHECK PROTECTION PROGRAM SUPPORTED A LOT OF BUSINESSES THROUGH THE PANDEMIC, BUT OFFICIALS SAY SOME EXPLOITED THAT LOAN PROGRAM. KCCI CHIEF INVESTIGATIVE REPORTER SUZANNE BEHNKE REPORTS ON A ...
Signed into law in March 2020, the federal Paycheck Protection Program had major reach in Shasta County. The program created as part of the CARES Act provided forgivable, low-interest loans to help ...
The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud. According to the U.S. Attorney's ...
Dec. 16 (UPI) --Three Chinese-owned companies agreed to pay $7.3 million to resolve allegations they submitted false claims to secure loans under a COVID-19-era program to help pay employees, the ...
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