Fintechs have a fraud problem with their Covid relief loans
CNN
Fintech lenders helped speed the delivery of forgivable government loans to small businesses crushed by the pandemic. But these tech-savvy lenders may also have opened the door to widespread fraud and misuse of taxpayer money.
Fintechs are almost five times more likely than traditional banks to have made "highly suspicious" loans through the $780 billion Payroll Protection Program (PPP), according to research published Tuesday. Nine of the top ten PPP lenders with the highest rate of suspicious loans are fintechs — and the remaining one acts like a fintech company, according to the study by researchers at the McCombs School of Business at the University of Texas at Austin.
President Donald Trump announced Thursday the White House will host the “Patriot Games,” a competition with young athletes from across the county, as part of the celebration of the United States’ 250th anniversary next year.
Susie Wiles’ recently published interviews in Vanity Fair are remarkable for a multitude of reasons. But perhaps leading that list was what the White House chief of staff said about Venezuela.
With under two weeks to go before he’s sworn in, New York City mayor-elect Zohran Mamdani has not announced many hires for his administration. One of the few that he has announced was forced to almost immediately resign Thursday after her past antisemitic tweets came to light.
The board of trustees of the John F. Kennedy Center for the Performing Arts voted Thursday to rename the facility after both the former president and President Donald Trump.
Peruvian scientist Rosa Vásquez Espinoza joins forces with indigenous communities to protect a disappearing species that is crucial to the health of the rainforest.
Frustration is mounting inside the Justice Department as it races to redact thousands of pages of files related to Jeffrey Epstein before they must be released Friday, multiple sources familiar with the process told CNN.
The GOP-controlled House passed a bill that would block Medicaid funds from being used for gender identity care to minors.
The one-time bonuses President Donald Trump said Wednesday will be paid out to over a million US service members will be pulled from funds already approved by Congress to cover housing and other household costs for troops as part of a military stipend program.
Lawmakers on both sides of the aisle are pushing to make the censure process more difficult after the House weighed three separate complaints against sitting members this week.
A federal judge ruled Thursday that two entities that implement policy and conduct administrative tasks for the judicial branch are not required under a transparency law to turn over their communications to a private legal group aligned with President Donald Trump.
The Democratic National Committee said Thursday that it would not release a highly anticipated “autopsy” of the 2024 election, a decision aimed at unifying the party that also sidesteps uncomfortable and lasting divisions over its loss to President Donald Trump.
Former special counsel Jack Smith did not invoke his Fifth Amendment rights during eight hours of testimony Wednesday behind closed doors to the House Judiciary Committee, the panel’s chairman said.
More photos from Epstein’s estate released by House Democrats as deadline to release DOJ files looms
Democrats on the House Oversight Committee released photos from Jeffrey Epstein’s estate Thursday — the latest in a series of intermittent disclosures that have fueled significant political intrigue in recent weeks about who may have been associated with the convicted sex offender.