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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Industry officials warn it won’t be the last.

Lending 195
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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. RotoGrinders is a website that provides the DFS community with various bits of data, including game-specific weather forecasts. But I knew weather and sports,” Roth noted. And that was really all I needed.”.

Online 134
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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. Homomorphic encryption is a scheme where operations can be performed on data without it being decrypted first. Collectively, FAMGA has poured nearly $2.5B But Facebook is also accountable.

Google 76
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project. The company also found itself confronted by conflicting energy program mandates and regulations. operations and had not been successful in raising new funding, among other things.

Capital 78
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 Big Tech Antitrust Hearings Begins with Scrutiny of Media Industry

PYMNTS

David Cicilline, Democrat of Rhode Island and antitrust committee chairman, said the Tuesday panel marks “the first significant antitrust investigation undertaken by Congress in decades.”. Present trends in the news business cannot continue.

Industry 128
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Big Tech Antitrust Hearings Begin With Scrutiny Of Media Industry

PYMNTS

David Cicilline, Democrat of Rhode Island and antitrust committee chairman, said the Tuesday panel marks “the first significant antitrust investigation undertaken by Congress in decades.”. Present trends in the news business cannot continue.

Industry 108