An anonymous tipster reached out to NPR a few months ago with an intriguing allegation: A high-ranking elected official in Chicago took out a suspicious pandemic loan back in 2021. To start this story ...

The Paycheck Protection Program has been dogged by allegations of widespread fraud, and at the same time, banks are being forced to spend more to combat other types of fraud. Loan-level data from the ...

PPP loans are fully forgivable if requirements are met. EIDL loans advance up to $15,000 don't require repayment. Other SBA ...

Two significant questions loom over the Paycheck Protection Program: How much of the program's funds was lost to fraud? And are banks going to get into trouble for approving these bad loans? PPP was ...

The SBA's Inspector General has highlighted $200 billion in potential fraud as loan defaults rise in Covid-19 relief programs. The agency disagrees. Businesses have defaulted on hundreds of thousands ...

On March 27, 2020, the CARES Act was signed into law to provide emergency financial assistance to Americans suffering the economic effects caused by the COVID-19 pandemic, including in the form of ...

Data from the Paycheck Protection Program released Dec. 1 and analyzed by The Associated Press show that many minority owners desperate for a relief loan didn’t receive one until the PPP’s last few ...

The Federal Trade Commission has settled cases with two companies, Biz2Credit and Womply, accused of falsely promising fast processing of PPP loan applications. These are the largest damages amounts ...

During the height of the COVID-19 crisis, the government rushed through a bill to provide loans to small businesses. The loans, furnished through the Paycheck Protection Program, were meant to provide ...

On February 25, 2025, the U.S. Department of Justice filed a False Claims Act (FCA) complaint against an Idaho home health agency and its owner, alleging that a series of Paycheck Protection Program ...