Abrigo

MAY 15, 2020

Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

JANUARY 31, 2020

30) against Citizens Bank over alleged violations of the Truth In Lending Act (TILA). District Court for the District of Rhode Island. It also failed to refund finance charges and fees in full after customers brought up legitimate disputes or fraud claims. It filed the complaint in the U.S.

Rhode Island 116

Rhode Island Lending Cards New York 116

American Banker

MAY 6, 2020

Prosecutors charge two Rhode Island men with trying to rip off the program; the bank says it has received “inquiries” from state and federal officials on its offering of small business loans.

Rhode Island 65

Rhode Island Fraud Digital Banking Lending 65

CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. Select VC Investors: VantagePoint Capital Partners, Lend Lease Ventures. Select VC Investors: Rhode Island Economic Development Corporation. A most-wanted founder. via SFGate. Company: Better Place. Company: 38 Studios.

Capital 78

Capital Company San Francisco Operations 78

PYMNTS

APRIL 27, 2020

This is not just a matter of rooting out fraud and abuse – the funding for this program, which we support, is necessarily finite,” the letter said. Published reports revealed that the distribution of the initial round of funding was not limited to struggling small businesses that truly needed the money to stay open, the senators wrote.

Rhode Island 142

Rhode Island Vermont Connecticut Minnesota 142