An Alabama-headquartered bank with $157.4 billion in consolidated assets has agreed to settle allegations stemming from its ...

Regions Bank has agreed to pay a $4.9 million settlement to the Department of Justice in a case involving a COVID-19 relief ...

Two Charleston-area businesses were among the five total who entered into a multi-million dollar settlement with federal ...

On June 13, 2023, the U.S. Small Business Administration (“SBA”) issued new FAQ 72 (“FAQ 72”) to help clarify whether amounts paid by borrowers to third-party payers for the third-party payer’s ...

Regions Bank agreed to pay $4.9 million to resolve DOJ allegations over approval of an ineligible PPP loan forgiveness request.

Add Yahoo as a preferred source to see more of our stories on Google. A man has been sentenced to prison for his role in a scheme to steal Paycheck Protection Program funds intended to help businesses ...

Even if businesses have secured forgiveness for their PPP loans, the work still might not be done. Here's a costly mistake companies need to avoid to steer clear of increasing federal scrutiny.

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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 ...