Borrowers and their CPA advisers may be eager to move ahead with the Paycheck Protection Program forgiveness process, but there are still many unsettled issues to consider. In a letter to ...

The U.S. Small Business Administration is launching a streamlined application portal to allow borrowers with Paycheck Protection Program loans of $150,000 or less, through participating lenders, to ...

The bank fired a manager for originating suspicious loans but later asked the SBA to forgive them, prosecutors say. The case ended in a $7.7 million settlement.

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By Jonathan Stempel Jan 7 (Reuters) - A unit of KeyCorp will pay $7.77 million to resolve allegations that the large regional bank violated the federal False Claims Act by submitting fraudulent loans ...

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 ...

The United States Department of Justice (“DOJ”) has intensified civil fraud investigations aimed at borrowers who obtained Paycheck Protection Program (“PPP”) loans despite falling outside the class ...

The office of the U.S. Attorney for the District of New Jersey posted the following news release on Jan. 7, 2026:. CAMDEN, N.J.- KeyBank National Association, headquartered in Cleveland, Ohio, has ...

The club, which is not affiliated with Harvard University, was accused of violating the False Claims Act by certifying that ...

Knoxville company Hoffmann Quality Tools, owned by the Hoffmann Group, paid more than $1.4 million in fees to repay a loan after claiming money it didn't qualify for under the COVID-19 pandemic-era ...