article thumbnail

US DOJ Charges 14 With $28M In PPP Fraud

PYMNTS

Levy, 50, of Bedford, Ohio; and Abdul-Azeem Levy, 22, of Cleveland, Ohio. 46, of Cleveland, Ohio; and Bern Benoit, 44, of Burbank, California. Augustin, 51, of Coral Springs, Florida; Wyleia Nashon Williams, 44, of Fort Lauderdale, Florida; James R. Stote, 54, of Hollywood, Florida; Ross Charno, 46, of Fort Lauderdale, Florida; Deon D.

Fraud 276
article thumbnail

CFPB representatives to be featured at 21st Annual PLI Consumer Financial Services Institute

CFPB Monitor

The 21 st Annual Consumer Financial Services Institute, sponsored by the Practicing Law Institute, will take place on April 4-5, 2016 in New York City (and by live webcast and groupcast in Cincinnati, Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA) and on May 12-13, 2016 in Chicago.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News

PYMNTS

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. In a study, which queried 400 financial decision-makers in 12 industries, 35 percent of firms said they intend to reduce their paper check reliance through the next few years. and closed at $204.87.

Cleveland 128
article thumbnail

Driving, Grilling And Surfing (For Deals) — Labor Day Weekend’s On

PYMNTS

Labor Day got its start as a PR rehabilitation attempt by President Grover Cleveland in 1894 to settle the tensions from the Pullman rail workers strike, which spiraled out of control and went down as one of the bloodiest episodes in American labor history. Fast forward 100 years, and only 3 percent of the U.S.

Cleveland 101
article thumbnail

Virtual reality: What role could it play in financial services?

NCR

Nick Telford-Reed, director of technology innovation at the company, stressed the importance of payment firms looking ahead to where “the next generation of payments will take place” “We have built this prototype to provide a seamless, secure payment option for consumers in a virtual world. Image credit: iStock/DragonImages.

article thumbnail

Amazon Sizzles, zCash Fizzles And ‘Cyber-9/11’ Is A When Not An If

PYMNTS

Cleveland – well at least blowing their three game lead wasn’t the fizzle of the week – that honor goes to U.S. cyber-security and its preparedness for a major attack. Personally I’m most worried about the water industry,” noted Jim Gillespie, whose Gray Matter Systems secures industrial-control systems.

Cleveland 100
article thumbnail

Fed: Two-Thirds Of SMBs Say They Are Dissatisfied With Online Lenders

PYMNTS

In the wake of the Great Recession , small businesses found it difficult to secure loans via banks – and even when they were available, the common complaint was that the application process was slow, time-consuming, paper-intensive and ill-suited to the needs of small businesses. That, according to the Cleveland Fed, is the good news.

Online 132