Congress opens investigation into BlueVine and Kabbage after reports of PPP fraud

Retrieved on: 2021-05-30 18:44:52

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Financial services

Finance

Money

Economy

Kabbage

Paycheck Protection Program

Financial technology

Bank

BlueVine

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Congress opens investigation into BlueVine and Kabbage after reports of PPP fraud. View article details on HISWAI: https://www.businessinsider.com/congress-investigates-ppp-fraud-at-fintech-lenders-bluevine-and-kabbage-2021-5

Excerpt

While fintech lenders only processed 15% of total PPP volumes, they're involved in 75% of fraudulent loans identified by the DOJ. Fintechs boasted fully- ...

Article found on: www.businessinsider.com

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