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May 13, 2024 · Kabbage Inc. Agrees to Resolve Allegations That the Company Defrauded the Paycheck Protection Program. Monday, May 13, 2024. For Immediate Release. Office of Public Affairs. The Justice Department announced today that now-bankrupt financial technology company Kabbage Inc., doing business as KServicing, has agreed to resolve allegations that it ...
May 24, 2024 · (Washington, D.C.) — U.S. President Joe Biden today signed into law the PPP Extension Act of 2021—legislation introduced by U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-Md.) and U.S. Senators Susan Collins (R-Maine) and Jeanne Shaheen (D-N.H.) to extend the deadline for the Paycheck Protection Program to May 31.
May 14, 2024 · Dive Brief: Bankrupt small-business lender Kabbage will pay up to $120 million over allegations it committed Paycheck Protection Program fraud, the Justice Department said Monday.
- Caitlin Mullen
May 13, 2024 · “Tracy Smith fraudulently falsified Paycheck Protection Program loan applications and obtained funds designated to provide Americans financial relief during the COVID-19 pandemic under the CARES Act,” said IRS Criminal Investigation Acting Special Agent in Charge Michael Mosley of the Oakland Field Office.
May 22, 2024 · As Paycheck Protection Program (PPP) applications are slated to start on April 3, K·Coe Isom advisors have been getting many questions and requests for guidance. We’d like to clear the air, and provide some important considerations – for the benefit of businesses. Important Loan Forgiveness Update.
May 28, 2024 · Nonprofit Paycheck Protection Program Application Link is now online. The CARES Act Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to nonprofits to pay their employees during the COVID-19 crisis.
May 23, 2024 · WASHINGTON — Senate Committee on Small Business & Entrepreneurship Ranking Member Ben Cardin (D-Md.) issued the following statement today after the U.S. Small Business Administration (SBA) launched the Paycheck Protection Program, which was created by the Coronavirus Aid, Relief, and Economic Security Act ( CARES Act ):
