The Federal Trade Commission has settled cases with two companies, Biz2Credit and Womply, accused of falsely promising fast processing of PPP loan applications. These are the largest damages amounts ...
As of today, 250,000 small businesses have used Womply—the local commerce platform—to apply for the Paycheck Protection Program (PPP). We are proud to have partnered with talented and tireless public ...
The U.S. Small Business Administration, responding to a congressional investigation into fraudulent Paycheck Protection Program loans, has stopped working with two companies that were supposed to help ...
The stories of the Paycheck Protection Program getting pilfered by bad actors to do things like buy Lamborghinis and other luxury goods are the stuff of legend. However, a new report released by a ...
Amid 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. Several ...
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