As of today, 250,000 small businesses have used Womply—the local commerce platform—to apply for the Paycheck Protection Program (PPP). We are proud to have partnered with talented and tireless public ...

America's fintech darlings became the MVPs of the Paycheck Protection Program by easing the process for troubled small-business owners, but now they're in hot water over suspicions that they ...

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Some of the most prolific online lenders in the federal Paycheck Protection Program had remarkably lax fraud protection controls even as they approved billions of dollars worth of loans in the ...

Financial technology firms allegedly facilitated the issuance of fraudulent PPP loans during the early stages of the coronavirus pandemic. Getty Images/iStockphoto Financial tech companies that were ...

Amid the debate about whether fintechs should have a larger role in government-backed small-business lending programs, a new report claims fintechs processed billions in fraudulent PPP loans. Several ...

WASHINGTONWASHINGTON — Financial technology firms abdicated their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers ...

Mired in a bitter dispute with hundreds of millions of dollars at stake, now-embattled Miami lender Benworth Capital got the support of a powerful friend. Florida Republican Sen. Marco Rubio threw his ...

A Miami lender that was one of the biggest approvers of Paycheck Protection Program loans now finds itself in the crosshairs of a Federal Reserve bank in connection with its lending in the program.