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 ...

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 ...

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 ...

The U.S. government is entitled to $120 million under a settlement with the bankrupt shell of Kabbage, but the Department of Justice said the size of the payment will ultimately depend on how the ...

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 ...

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 ...