When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all.
Called PPP for short, the program offered simple-to-get, potentially forgivable government loans to small businesses. Yet billions of dollars went to companies owned by wealthy celebrities, including Tom Brady and Khloe Kardashian, and companies that thrived during COVID, like many manufacturing and construction firms.
Government officials acknowledge that the program was rife with fraud and did not weed out undeserving applicants.
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Consumer Financial Protection Bureau Director Rohit Chopra on Tuesday defended the agency’s proposal to lower credit card late fees against criticism from Republicans at a Senate Banking hearing.
Republicans criticized the proposal, saying credit card issuers would find other ways to recoup the cost of late payments that would make loans more expensive or elusive for low- and middle-income borrowers.
“There is no free lunch,” said Banking ranking member Tim Scott, R-S.
US intelligence officials issue new bulletin about Chinese hackersA new bulletin warns that China has shifted from a “strategy” of using hacking to commit economic espionage to a strategy of using hacking to disrupt how Americans go about daily lives.February 8, 2024
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Who is Dae Savage, who allegedly the rap artist Rod Wave cheated his baby mama with? Find out her real age. height, family details, and more.
We cover it all here so keep scrolling down to learn more.
Did Rod Wave Cheat With Dae Savage? Rod Wave, who is most known for writing songs about loss and heartbreak, got into trouble in August 2023 when online accusations appeared that he had an affair with Dae Savage and cheated on Kelsey Dee Coleman, the mother of his child and his long-term partner.