Paycheck Protection Program news and trends

President Biden Proposes $1.6B to Fight Pandemic-Related Fraud
Security & Fraud // March 02, 2023

The Biden administration wants congressional approval for a $1.6 billion plan tackling COVID-related fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Congressional Report: Fraud in PPP Loans Separated FinTechs From Banks
Security & Fraud // December 02, 2022

FinTechs failed the American government during the pandemic, while traditional banks wisely sat things out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’
Regulation // December 01, 2022

A U.S. House subcommittee said FinTech companies facilitated fraud in the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Addressing Government Assistance Pain Points for Small Business
Money Mobility // October 05, 2022

In this month’s “Money Mobility Tracker®,” PYMNTS analyzes why the record surge in stimulus checks made clear why governments need the ability to make digital payments to meet modern consumers’ and businesses’ disbursement needs.

Interviews & Exclusives
Trust Multiplied: How Verified Data Platforms Strengthen Business Lending

April 09, 2025
During the pandemic, the government extended a $1.2 trillion lifeline through the Paycheck Protection Program (PPP). Four years on, the sobering stats show that the Small Business Administration was victimized by fraudsters who made off with hundreds of billions of dollars of loans. Get the Full Story Complete the form to unlock this article and […]

PPP Round Two: Familiarity Breeds Success For Banks And SMBs

January 25, 2021
After a long wait and months of debate, the Paycheck Protection Program (PPP) is setting forth on its second round. Get the Full Story Complete the form to unlock this...

Credit Unions Help Microbusinesses Go Digital To Stay Afloat

August 26, 2020
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

What SMB Owners’ Personal Credit Card Dependency Means For The Recovery

August 03, 2020
For a significant number of small- to medium-sized businesses (SMBs), navigating through the economic headwinds wrought by the pandemic, in plastic they trust. Get the Full Story Complete the form...

Quick Reads
President Biden Proposes $1.6B to Fight Pandemic-Related Fraud

March 02, 2023
The Biden administration wants congressional approval for a $1.6 billion plan tackling COVID-related fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]

US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’

December 01, 2022
A U.S. House subcommittee said FinTech companies facilitated fraud in the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cross River Bank’s PPP Lending Practices Raise Questions

August 21, 2022
While Cross River Bank had been doing massive amounts of work helping small businesses get Paycheck Protection Program (PPP) loans at the beginning of the pandemic, there are concerns about...

First Pandemic Loan Scammer Sent To Federal Prison After Faking Suicide

October 08, 2021
A Massachusetts man was remanded to federal prison after being charged with fraudulently obtaining Pandemic Paycheck Protection (PPP) loans in the amount of $543,000 and then faking his suicide to...