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Bank of America admitted willful Bank Secrecy Act violations and will pay $1.21B. It's a record, and about 12 days of the bank's profit.

SBA's SOP 50 10 8.1 is now in effect, changing valuations, QoE reports, and outside-investor equity on acquisitions. What brokers need to requote.

California man convicted of SBA EIDL fraud after gambling $442K and paying a $100K kickback. The case raises questions about loan oversight.

Capital After Hours returns Dec. 3 at Sixty Vines in Fort Lauderdale with three hours of networking, food, drinks and Thursday Night Football.

Newsom signed AB 2116: DFPI licenses required for MCA, factoring & commercial finance by July 2028. Plus: search 441 state registrations in our new member database.

SEC charges 5G Funding and Jacob Garfinkel over an alleged $4.5M MCA investment fraud involving syndication, investor reporting and diverted funds.

Valley National Bancorp is buying small business fintech Bluevine for ~$340M. What the deal means for its line of credit, term loans, and the fintech-bank M&A wave.

How the Life Surge seminar funnel headlined by Tim Tebow uses credit card stacking and HELOCs to fund $40K upsells—and why the FTC is cracking down.

Two nonbank SBA lenders drove most SBLC defaults as OIG found repeated deficiencies and weaknesses in SBA oversight.

Angela Lipps spent 163 days in custody after a facial recognition lead and investigative errors. Her case raises serious questions about AI oversight.

BNCCORP stockholders approved the $130M sale to OppFi days after Enova killed its own bank deal. Regulatory approval is now the test for fintech bank charters.

OnDeck parent Enova pulled its OCC and Fed applications to buy Grasshopper Bank after state AG pressure. Shares fell 25%. What it means for SMB lending.

Vance announced 870,000 pandemic-loan borrowers barred from federal credit. The surge behind it charged 160.

SBA SOP 50 10 8.1 takes effect October 1, 2026. What changes for 7(a) acquisition deals: 1.25x DSC, mandatory Quality of Earnings at $3M, capped investor equity, and the seller note myth.

PPP Fraud Prosecutions Continue: A Phoenix man got 15 months for $1M in PPP loans. A California man faces three counts over $2.9M in PPP loans.

CDFIs have filed a lawsuit against the Treasury and OMB, fighting to release hundreds of millions in bipartisan-approved capital for small businesses.