A congressional report says financial technology companies fueled rampant PPP fraud

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A congressional report found financial technology companies, or fintechs, largely fueled PPP loan fraud. Bluevine, a fintech noted in the report, told NPR it adapted to threats of fraud better than other companies mentioned. SOPA Images/SOPA Images/LightRocket via Gett

SOPA Images/SOPA Images/LightRocket via Gett

A sprawling congressional report accuses several little-known financial technology companies, or fintechs, of reaping “billions in fees from taxpayers while becoming easy targets for those who sought to defraud the PPP,” or Paycheck Protection Program.

PPP provided more than 11

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