A report from the House Select Subcommittee on the Coronavirus Crisis finds lax anti-fraud standards, executives who cashed in for themselves and contempt for small loan applications that would generate minimal fees.
The Paycheck Protection Program was supposed to help workers stay afloat during the pandemic. But new analysis finds most PPP funding went to the richest 20% of Americans.
More than a million government-approved loans ended up being canceled, including some that would have gone to people who needed the loans and applied ju.
More than a million government-approved loans ended up being cancelled, including some that would have gone to people who needed the loans and applied just as they were told.