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PPP Loans Could Trigger Treasury Investigation

PYMNTS

Treasury Secretary Steven Mnuchin said on Wednesday (April 22). “I Shake Shack had received $10 million but returned the money , stating that it had other means to acquire funds. Harvard University also said it would return the $8.6 I think they should review it.”. The is a lot of room for fraud in the $2.2

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Fed Bets Trillions In SMB Lending That Consumers Will Return

PYMNTS

As reported, the Fed is expanding its “Main Street” lending efforts for smaller firms that have staff up to 10,000 individuals; the expanded Main Street focus will provide an added $600 billion in loans and offers $75 billion slated to come from the Treasury Department. The Fed package, of course, comes on the heels of the $2.2

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LA Lakers Return PPP Loan

PYMNTS

Treasury rolled out its latest Paycheck Protection Program (PPP) funding to rescue small- to medium-sized businesses (SMBs), the Los Angeles Lakers returned $4.6 Shake Shack founder Danny Meyer and CEO Randy Garutti said last week they will return the $10 million they received. As the U.S. and employs nearly 8,000 people.

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Stimulus Check Visa Debit Cards Being Mailed To 8 Million Households

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Treasury Department said in a press release on Thursday (Jan. Department of the Treasury seal.” The Treasury Department said it set up a special website for EIP card information. The Treasury Department said it set up a special website for EIP card information. as part of the second round of COVID-19 stimulus money.

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Deadline To Return PPP Loans Is May 14 For SMBs That Don’t Meet Updated Rules

PYMNTS

That’s how much time Paycheck Protection Program (PPP) loan recipients have to return their loan if they can’t meet the updated rules from the U.S. Treasury Department. They have been given until May 14 to return the loan money with no questions asked.

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Pollo Tropical, Taco Cabana Parent Gives Back Small Business Aid; Treasury Aims To Have PPP Funds Given To Larger Firms Returned

PYMNTS

The Treasury Department, for its part, is feverishly seeking to find a method to get hundreds of millions in funds from large companies that applied for the loans and attained them under the original terms of the program, The New York Times reported. The Lakers have reportedly returned the funds.). Treasury Guidance.

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US Treasury Warns Banks Of Twitter Crypto Scam

PYMNTS

Treasury’s Financial Crimes Enforcement Network (FinCEN) is warning financial institutions of a “high-profile” new scam exploiting Twitter accounts to try and scam convertible virtual currency (CVC) out of individuals, according to a Thursday (July 16) press release.

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