Chicago Fraud Lending Taxes 
PYMNTS
JANUARY 18, 2021
government's inability to curb the risk of fraud that emerged during the first round of PPP funding. According to the WSJ, nearly 1,500 firms are facing allegations of fraud after receiving a combined $2 billion in federal stimulus aid, while an additional 432 companies are said to have laid off staff after receiving their PPP loans.
CB Insights
FEBRUARY 13, 2020
Fraud prevention tools. Business lending and corporate cards. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Payments companies assumed risk for losses associated with chargebacks, fraud, KYC, or AML, while also providing support, dispute management, and reporting.
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Gonzobanker
DECEMBER 17, 2021
million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.
Fintech Labs Insights
MARCH 22, 2016
million for its P2P lending platform for small businesses. Emailage raised an undisclosed sum for its fraud prevention technology keyed off email address. Alt-lender focused on lending against existing automobile titles. HQ: Chicago, Illinois. P2P real estate lending marketplace. Peer-to-peer lending marketplace.
CB Insights
OCTOBER 31, 2017
BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources. Note: Less than a month after the closure announcement, Vasupal was arrested for fraud in a bizarre case involving Stayzilla business dealings.
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