Abrigo

MAY 15, 2020

The Department of Justice (DOJ) recently charged two businessmen in Rhode Island with fraudulently seeking PPP loans, the first in the country linked to the loan program. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Manage PPP loans through forgiveness. SBA Lending.

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. The CFPB said that Citizens Bank neglected to follow the rules for years by failing to properly manage credit card disputes. It filed the complaint in the U.S.

Rhode Island 116

Rhode Island Lending Cards New York 116

American Banker

OCTOBER 18, 2023

The Rhode Island-based bank is bolstering its cash position in the face of worries about office loans, stricter capital requirements for regional lenders and the possibility of economic shock from overseas conflicts.

Rhode Island 47

Rhode Island Regulation Regional Capital 47

CB Insights

NOVEMBER 9, 2017

. “The general consensus of the employee base is that there was mismanagement of finances,” said one former company executive… The day after the shutdown announcement, one Mode manager of an overseas office described receiving frantic emails from headquarters requesting immediate transfer of all funds and assets back to the US.

Capital 78

Capital Company San Francisco Operations 78