SBA Has No Ample Fraud Program in Place for PPP: GAO Report

The GAO says the SBA is implementing compliance checks on loan and borrower information before a loan is approved.

By David Baumann | April 01, 2021 at 03:58 PM

Paycheck Protection Program application with a stack of cash.

Despite allegations of billions of dollars of waste, fraud and abuse in the Small Business Administration's Paycheck Protection Program, the agency has not conducted a comprehensive assessment of the risks involved in the program, the Government Accountability Office said in a new report this week.

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How Credit Unions & Health Care Providers Can Join Forces to Address Medical Debt

By Jeff Grobaski | May 17, 2024

Allow patients to access medical loans at the lowest cost possible while strengthening the communities your CU serves.

How Credit Unions & Health Care Providers Can Join Forces to Address Medical Debt

Data Shows Q1 Bounce for CUs From Q4 Pit: Callahan

By Jim DuPlessis | May 16, 2024

But other data shows a continuing drop in loan originations and weak loan quality.

Data Shows Q1 Bounce for CUs From Q4 Pit: Callahan

Loan Portfolios Shrink for Third Month in a Row

By Jim DuPlessis | May 10, 2024

America's Credit Unions report also shows total car loans fell from their year-ago level, another first since at least 2014.

Loan Portfolios Shrink for Third Month in a Row

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