An online bank — credited with awarding government-backed loans to the smallest businesses during the pandemic on Long Island and elsewhere — has agreed to pay up to $120 million to settle fraud ...
The bankrupt Atlanta financial technology firm Kabbage will pay the federal government as much as $120 million to settle allegations that the lender enabled fraudsters preying on a pandemic-era ...
Drawn by generous fees for each loan processed, Kabbage was among a band of online lenders that joined enthusiastically in originating loans through their automated platforms. That helped millions of ...
As businesses hurry to apply for a Paycheck Protection Program loan, online financial companies are playing an important role in helping the smallest of small businesses. "These businesses have a ...
NEW YORK (Reuters) - American Express <AXP.N> said on Monday it would buy fintech lender and platform Kabbage in a move aimed at bolstering its cash management offering to small businesses. Financial ...