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The CARES Act created the $349-billion Paycheck Protection Program, which provided low-interest loans to small businesses that were forgivable if they maintained their employees and payroll. The $349 billion was fully allocated within 13 days. During those 13 days, 1.6 million loans were approved by nearly 5,000 banks and other lenders. [3]
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
The week of March 19, the Federal Housing Finance Agency ordered federally guaranteed loan providers to grant forbearance of up to a year on mortgage payments from people who lost income due to the pandemic. It encouraged the same for non-federal loans and included a pass-through provision for landlords to grant forbearance to renters who lost ...
A federal grand jury has indicted 19 U.S. Postal Service workers, including 10 from Springfield, on wire fraud charges. All are accused of defrauding people through various COVID-19 relief ...
The feds have focused their COVID-19 loan fraud probe on BSO deputies and others in the agency. 17 Broward sheriff’s employees face charges of fleecing federal pandemic loan program Skip to main ...
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