7 Las Vegas men arrested in federal Paycheck Protection loan fraud investigation

Seven Las Vegas men have been arrested in connection with fraudulent COVID-19 relief loan applications that took a resulted ...

Why Are Homes So Expensive? Some of the Blame Goes to Scammers, Study Finds

Pandemic relief fraud drove up home prices, with scams fueling nearly a quarter of the recent rise. Learn how fraud inflated ...
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Millions in Paycheck Protection loans forgiven for Shasta businesses

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 ...
UPI

Three Chinese-owned companies to pay $7.3M to settle PPP violations

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 ...

Urbandale man pleads guilty to PPP loan, bankruptcy fraud charges

Urbandale man pleads guilty to PPP loan, bankruptcy fraud charges ...
San Francisco Fed

Is the PPPLF Still Encouraging Small Business Lending?

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 ...