fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

New Congressional Bill Takes Aim at $335M in Small Business Lending Fraud

New Congressional Bill Takes Aim at $335M in Small Business Lending Fraud
New Congressional Bill Takes Aim at $335M in Small Business Lending Fraud
June 05, 2025  |  Loans

As tariffs loomed this spring, PYMNTS Intelligence found that obtaining financing was (and is) a difficult endeavor for smaller firms, which power the U.S. economy....

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US House Passes Bill Requiring Report on SBA Loan Program
US House Passes Bill Requiring Report on SBA Loan Program
June 05, 2025  |  Legal

The House of Representatives passed legislation Tuesday (June 3) that its sponsor said will combat fraud and improve transparency in a Small Business Administration (SBA) loan...

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Banks Bet on Virtual Cards as the New Credit Battleground
Banks Bet on Virtual Cards as the New Credit Battleground
June 05, 2025  |  Digital Payments

When Apple Pay launched in 2014, it promised a future free of plastic. Over a decade later, the ripples of that revolution are still unfolding...

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Exodus, Worldpay Team on Crypto Purchases With Cards
Exodus, Worldpay Team on Crypto Purchases With Cards
May 29, 2025  |  Cryptocurrency

Exodus said Thursday (May 29) that Worldpay supplies the card payment capabilities used in its new solution that allows consumers to use a debit or...

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Victoria’s Secret Shutters Website Over Security Incident
Victoria’s Secret Shutters Website Over Security Incident
May 29, 2025  |  Cybersecurity

Victoria’s Secret’s website remained shut down Thursday (May 29) morning following a security incident. Get the Full Story Complete the form to unlock this article and...

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Indian Banks Log Threefold Uptick in Fraud
Indian Banks Log Threefold Uptick in Fraud
May 29, 2025  |  Fraud Attack

Bank fraud in India nearly tripled during 2024, according to the country’s central bank. Get the Full Story Complete the form to unlock this article...

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Fewer Americans Report Price Hikes Made Financial Situation Worse
Fewer Americans Report Price Hikes Made Financial Situation Worse
May 28, 2025  |  Economy

While inflation and prices remain Americans’ top financial concerns, a smaller percentage of U.S. adults said changes in prices made their finances worse in 2024,...

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UK Fraud Cases Jump 12% as Criminals Find New Scams
UK Fraud Cases Jump 12% as Criminals Find New Scams
May 28, 2025  |  Security & Fraud

Fraud reports continue to climb in the United Kingdom despite legislative victories. Get the Full Story Complete the form to unlock this article and enjoy...

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Starling Bank’s Profits Dip Due to COVID and Crime Control Issues
Starling Bank’s Profits Dip Due to COVID and Crime Control Issues
May 28, 2025  |  Earnings

Neobank Starling expanded its customer base last year, even as regulatory issues diminished profits. Get the Full Story Complete the form to unlock this article and enjoy...

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