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Is Your Financial Institution Aware of These PPP Red Flags?

Abrigo

The SBA’s Lender Application Form requires lenders to certify that they have “complied with the applicable lender obligations,” including confirming receipt of the borrower’s certifications, receipt of information regarding employee pay and taxes, and the average monthly payroll costs. Other PPP Fraud Indicators. C&I Loans. SBA Lending.

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How to Become an SBA Lender for the CARES Act’s Paycheck Protection Program

Abrigo

Key Takeaways The Small Business Administration (SBA) and Treasury Department released information on how lenders can become eligible to originate Paycheck Protection Program loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. For underwriting, lenders will need to verify a borrower was in operation on Feb.

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Bitcoin Daily: Gemini Exchange Joins Silvergate Exchange Network; UK’s National Liberal Party Reveals Crypto Policy

PYMNTS

We are excited to bring our secure and scalable technology to Azure customers as we continue working with Microsoft Azure Marketplace to develop cloud-enabled blockchain solutions.”. ’ SEN is an important step toward changing this,” Joshua Rawlins, managing director of financial operations at Gemini, wrote in a blog post.

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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

The company wrote in a blog post , “Earlier this month, we became aware of unusual activity involving a third-party service provider.” Uber Turns App Into ‘Everyday Operating System’. What Local Sales Tax Laws Mean for Tobacco eSellers . Uber’s apps are getting a makeover – and a bit of a new combination.

Data 122
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Competitive Advantage in the Next Normal – Business Resiliency, Analytics & Predictive Modeling

Cisco

Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) is a metric used to evaluate a company’s operating performance and how much profit they’re bringing to the bottom line. Brings capabilities of open source and third-party technologies under one roof and security model.

Analytics 124
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Lyft To Spend $100M To Better Support Drivers

PYMNTS

In a blog post covered by TechCrunch , Lyft said the money will go toward offering drivers lower-cost oil changes, car maintenance, car washes and more. The company is also doubling the operating hours of its driver hubs in 15 cities around the country. We are in the business of supporting our drivers for the long haul.

Taxes 102
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Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

Wells Fargo takes the security and privacy of our customers’ information very seriously,” the banking firm said in a statement according to the report. “We We have a huge responsibility and fell short of our ideals for managing and providing oversight of the third-party vendor and our own operations,” Franklin R.

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