As businesses hurry to apply for a Paycheck Protection Program loan, online financial companies are playing an important role in helping the smallest of small businesses. "These businesses have a ...

The bankrupt Atlanta financial technology firm Kabbage will pay the federal government as much as $120 million to settle allegations that the lender enabled fraudsters preying on a pandemic-era ...

An online bank — credited with awarding government-backed loans to the smallest businesses during the pandemic on Long Island and elsewhere — has agreed to pay up to $120 million to settle fraud ...

Customers Bancorp in Pennsylvania has agreed to pay $58 million to settle a dispute over its loan partnership with Kabbage during the Paycheck Protection Program. The settlement, which still needs ...

Amid the debate about whether fintechs should have a larger role in government-backed small-business lending programs, a new report claims fintechs processed billions in fraudulent PPP loans. Several ...

DALLAS — This story originally appeared in the Dallas Business Journal, a WFAA news partner. Lowell Michelson is frustrated. Michelson, the owner of Simcha Catering and Event Design, recently received ...

A sprawling congressional report accuses several little-known financial technology companies, or fintechs, of reaping “billions in fees from taxpayers while becoming easy targets for those who sought ...

Financial tech companies that were acting as go-betweens to facilitate the issuance of emergency loans during the early stages of the coronavirus pandemic defrauded the federal government out of large ...