Lenders Have Honed Fraud Detection Skills 08/05/2021 08:04 pm BOSTON—Lenders have become better at detecting fraud in business loans, and one reason is the Paycheck Protection Program (PPP), says one analyst.
Newest Candidate to Lead FCC Expected to Be Tough Critic of Big Banks, Bring Scrutiny to Cryptocurrencies, Fintechs 08/05/2021 09:06 pm WASHINGTON–A new candidate for the top job at the Office of the Comptroller of the Currency would likely be a tough critic of the biggest banks, according to one new analysis.
Many of the Biggest PPP Lenders Are Still Holdouts From New Portal That Offers Loan Forgiveness 08/05/2021 09:06 pm WASHINGTON–Many of the nation’s largest lenders in the Paycheck Protection Program (PPP) are holding out on participating in a new online portal through which small businesses that borrowed up to $150,000 can apply to have their loans eliminated.
FinCEN’s Acting Director Departs; New Acting Director is Named 08/05/2021 08:09 pm WASHINGTON—Michael Mosier, acting director of the Financial Crimes Enforcement Network (FinCEN), has announced he is leaving FinCEN for a new opportunity. Himamauli "Him" Das will assume Mosier’s role, FinCEN reported.
