News & Analysis as of

Paycheck Protection Program (PPP) Risk Management CARES Act

Quinn Emanuel

August 2025 Business Litigation Report

Quinn Emanuel on

When Machines Discriminate: The Rise of AI Bias Lawsuits - Over the past three years, businesses in the United States have rapidly adopted artificial intelligence (“AI”) technology – defined broadly as the ability of...more

Mitratech Holdings, Inc

Moving Center Stage – Vendor Risk Management & COVID-19

Mitratech Holdings, Inc on

Vendor Risk Management (VRM) featured heavily at the recent Mitratech Interact 2020 online conference.  That’s not surprising, considering the rising concerns about the risks posed by vendor and supplier networks – and how...more

ArentFox Schiff

Investigations Newsletter: Investment Bank Fined $400 Million For Failing to Remediate Deficiencies in its Risk Management Systems

ArentFox Schiff on

Investment Bank Fined $400 Million For Failing to Remediate Deficiencies in its Risk Management Systems - On October 7, the Federal Reserve Board and Office of the Comptroller of the Currency issued a consent order...more

Saul Ewing LLP

Liability Dangers for Recipients of CARES Act Funds: Lessons From Past and Present Enforcement Actions

Saul Ewing LLP on

As the country struggles with COVID-19, many companies have applied for and received funds under the CARES Act and its Payment Protection Program (“PPP”). Those companies must understand there are significant risks tied to...more

Foodman CPAs & Advisors

Scammers Continue to Ruin the Good Deeds of the Small Business Administration

Government officials are warning the public concerning  fraud schemes related to economic impact  disaster programs offered by the U.S. Small Business Administration (SBA) during the COVID-19 pandemic.  ...more

Saul Ewing LLP

Four Key Takeaways From Our Compliance Considerations and Enforcement Trends Surrounding the CARES Act Webinar

Saul Ewing LLP on

1. With deteriorated economic conditions, high unemployment and a $2 trillion government stimulus, the current environment is ripe for fraud. The Department of Justice has prioritized swift action against those suspected of...more

BCLP

What Recipients of PPP Loans Need to Know and Do to Mitigate Fraud Risk

BCLP on

While the Payroll Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) have given businesses a lifeline during these uncertain times, they also present a risk for fraud...more

Skadden, Arps, Slate, Meagher & Flom LLP

Enforcement Risks and the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, which was signed into law on March 27, 2020, provided for the establishment and expansion of a range of economic assistance programs designed to help...more

Cozen O'Connor

Companies Receiving PPP Funds Should Prepare for Audits, and Implement Compliance Now

Cozen O'Connor on

Treasury Secretary Steven Mnuchin issued a warning on the heels of the second funding of the federal Payroll Protection Program (PPP) that large or public companies will be audited if they received a loan under the program....more

Foodman CPAs & Advisors

FinCEN re-clarifies FAQ’s on how Lenders can meet BSA requirements when issuing PPP loans

On April 13, 2020, FinCEN, as the administrator of the BSA, re-published FAQs on how borrowers and lenders may rely on the guidance provided for the SBA’s interpretation of the CARES Act and of the PPP (Paycheck Protection...more

Morgan Lewis - All Things FinReg

Fintechs: PPP Lending Comes with Opportunities and Risks

The US Senate approved an additional $310 billion in funds for the Paycheck Protection Program (PPP) on April 20, and the House of Representatives is expected to approve these additional funds within days. As fintech...more

Pierce Atwood LLP

COVID-19 Payment Protection Program: Lender Guidelines Subject to Litigation Risks

Pierce Atwood LLP on

Lenders electing to participate in the $349 billion federal Paycheck Protection Program (PPP) understood the many challenges they faced in accepting and processing loan applications. ...more

BakerHostetler

On the Heels of the CARES Act, Companies Should Prepare for Increased Prosecutions and Enforcement Activity

BakerHostetler on

The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act” or the “Act”) provides over $2 trillion in economic relief to eligible businesses and individuals affected by the COVID-19 pandemic. As with prior...more

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