Executives at ‘fintechs’ made hundreds of millions handing out PPP Covid cash, report says
"The report says smaller PPP loan applicants were disdained by one fintech, with staff writing, “delete them” and “Who f------ cares.”"
Dec. 1, 2022, 11:00 AM EST
A couple who founded an Arizona-based financial technology firm in the early days of the pandemic raked in an estimated $120 million in processing fees from handing out billions in Paycheck Protection Program loans even though their company did little to police fraud, according to a congressional report released Thursday.
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