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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

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.

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Small Building Contractors Shift Gears As COVID-19 Shrinks Business

PYMNTS

president and owner of Energy-One , a heating, air conditioning and oil delivery service firm based in Rhode Island and serving that state and Massachusetts, told Karen Webster that survival is top of mind. Smaller companies will be less adept at navigating current operating and cash flow pressures. Thomas Vessella, Sr.,

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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

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. In a microcosm of the national expansion, New Hampshire’s newly online sports gambling program raked in $2.31

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The PayPal Recipe

PYMNTS

From choosing the right partnerships to managing security and hacker threats, the company has, so far, managed to repel any incoming fire. Paul Parisi will be general manager of Canadian operations. Operations in Canada serve almost 6.4 We take a look at the recent goings on in PayPal’s ecosystem.

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Intuit Inks Deal To Purchase Order Management Provider TradeGecko

PYMNTS

Intuit , maker of QuickBooks, has inked a deal to purchase inventory and order management technology provider TradeGecko. The need for a single tool that can reduce operational complexity for product-based businesses is acute.”. The deal is forecast to close in September of this year, according to an announcement from Intuit.

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Season of Giving: How Financial Brands Are Leaving Their Mark

Social Assurance

As their communities in Massachusetts and Rhode Island neared the Holiday Season last year, Dean Bank was approached by the Town of Franklin to brainstorm ways to bolster the local small business economy. Through the first six months of operation, 443 cards were purchased with a total value of $30,860.