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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

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. learn more.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Liquidity risk management and adequacy of contingency funding plans.

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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. The betting platform – which is managed via DraftKings, which won the competitive bid for the project – has been operating since late December, and saw a spike in activity over the weekend.

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Big Tech CEOs Didn’t Win Over Congress At Hearing

PYMNTS

Well, subcommittee Chairman David Cicilline of Rhode Island ended the hearing by saying that all firms “have monopoly power.”. But the hearing did highlight how the firms view their own positions in the market and what they think the future of oversight will look like. How did Big Tech do in defending itself?

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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. Its market cap seemed unaffected until July 2018, when Facebook lost around 20% of its value in one day off of news of slowing user growth. Collectively, FAMGA has poured nearly $2.5B

Google 76
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

But a few common threads do emerge, such as an inability to generate sustainable revenue, bad product-market fit, losing to competitors, and (of course) simply running out of money. The company also found itself confronted by conflicting energy program mandates and regulations. As you’ll see below, the reasons for failure are varied.

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