Stacy Cowley
Posts
15% of PPP Loans Could Be Fraudulent, Study Shows
Some $76 billion of the program’s $800 billion in loans may have been taken improperly, a new paper concludes.
States Can Sue Federal Student Loan Servicers, Education Department Says
The move reverses a Trump administration policy aimed at sheltering the department’s contractors from state oversight.
P.P.P. loan forgiveness portal opens, but big banks opt out.
Several lenders said they preferred to stick with their own processes out of concern that steering customers to the government portal would create confusion.