Fraud risk could run to billions in PPP loans

https://bankinnovation.net/allposts/biz-lines/lending/fraud-risk-could-run-to-billions-in-ppp-loans/
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Last week saw banks and fintechs scrambling to stand up platforms to process Paycheck Protection Program loans, and now the struggle is to keep the platforms running while weeding out potentially fraudulent applications. Fraud is a common trend with government relief programs. In fact, fraud estimates for previous stimulus programs indicate that the Small Business …Read More

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https://bankinnovation.net/allposts/biz-lines/lending/fraud-risk-could-run-to-billions-in-ppp-loans/