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Financial Technology Firms Made "Massive Profits" on PPP Loans, Engaged in Fraud

A congressional report finds lax anti-fraud standards, execs who cashed in, and contempt for small loan applicants. ....

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Fintechs Made "Massive Profits" on PPP Loans and Sometimes Engaged in Fraud, House Committee Report Finds — ProPublica

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. ....

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The failures and future of the Paycheck Protection Program

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. ....

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They Promised Quick and Easy PPP Loans. Often, They Only Delivered Hassle and Heartache.

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. ....

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They Promised Quick and Easy PPP Loans in the US. Often, They Only Delivered Hassle and Heartache.

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. ....

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