News & Analysis as of

Paycheck Protection Program (PPP) State Attorneys General

Morrison & Foerster LLP

DOJ Announces $2.92 Billion in False Claims Act Recoveries in Fiscal Year 2024

The Department of Justice published its False Claims Act (FCA) statistics for Fiscal Year 2024 this month, revealing a nearly 40% increase in whistleblower filings, increased recoveries year over year, and a near record...more

Cozen O'Connor

FTC Secures $59 Million Settlement over Fintech Firms’ Allegedly Misleading PPP Loan Claims

Cozen O'Connor on

The FTC has reached settlement agreements with fintech firms Biz2Credit, Inc. and Oto Analytics, Inc. (doing business as Womply) to resolve allegations that the companies misled small businesses during the COVID-19 pandemic...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - June 2021 #2

WilmerHale on

On June 22, the House Select Subcommittee on the Coronavirus Crisis held a hearing titled “U.S. Economy On The Path To Strong Recovery.” Federal Reserve Chair Jerome Powell testified regarding the Fed’s emergency pandemic...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - June 2021

WilmerHale on

The House Select Subcommittee on the Coronavirus Crisis continues its investigation into PPP fraud. On May 27, the Select Subcommittee turned its focus to FinTech firms and partner banks implicated in Department of Justice...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - May 2021 #3

WilmerHale on

House Education and Labor Committee Chair Robert C. Scott (D-VA) issued a statement on May 18 criticizing the Biden Administration’s decision to use “the honor system” to report coronavirus vaccination status. He said, “One...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - May 2021

WilmerHale on

The Congressional Oversight Commission released its 12th report on April 30. The report focuses on a $700 million loan to trucking company Yellow Corporation (formerly known as YRC Worldwide) under the CARES Act loan program...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - April 2021 #3

WilmerHale on

On April 21, the Senate Committee on Commerce, Science, and Transportation Subcommittee on Aviation Safety, Operations and Innovation held a hearing entitled “Prepare for Takeoff: America’s Safe Return to Air Travel.” The...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - March 2021 #3

WilmerHale on

On March 15, the SBA Office of the Inspector General published a report identifying $692 million in duplicate PPP loans. This confirmed earlier findings made by the House Select Subcommittee on the Coronavirus Crisis in...more

Foley & Lardner LLP

Five Developments Identified in Criminal and Civil Enforcement of PPP Loans

Foley & Lardner LLP on

Recently, the Beverly Hills Bar Association in California sponsored a panel presentation on “PPP Enforcement Trends,” whose panelists included a high-level prosecutor from the United States Attorney’s Office and other leading...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - March 2021 #2

WilmerHale on

Republican leaders urged their House Democrat counterparts to hold a joint hearing regarding the undercounting of COVID-19 deaths in New York nursing homes. The letter was signed by Energy and Commerce Ranking Member Cathy...more

Morrison & Foerster LLP

DOJ Enforcement Actions Involving COVID-19 Relief Fraud: An Update

Soon after Congress passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in March 2020, the Criminal Division of the U.S. Department of Justice (DOJ) moved quickly to address potential COVID-19 related...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - March 2021

WilmerHale on

The House Select Subcommittee on the Coronavirus Crisis launched an investigation into One Medical’s COVID-19 vaccine-distribution practices. In a letter, Subcommittee Chair James Clyburn (D-SC) highlighted the need for...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - February 2021 #4

WilmerHale on

On February 19, the House Select Subcommittee on the Coronavirus Crisis held a video briefing on ensuring equity in coronavirus vaccinations. In a press release, the Subcommittee identified the following takeaways from the...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - February 2021 #3

WilmerHale on

On her first day as Chair of the Senate Committee on Commerce, Science and Transportation, Sen. Maria Cantwell (D-WA) said she would ask the FTC to look into N95 mask fraud, including 1.9 million counterfeits shipped to...more

Goodwin

SEC Issues No-Action Relief On Registered Funds’ Custody Of Loan Interests

Goodwin on

In this Issue. The U.S. Securities and Exchange Commission (SEC) was very active this week, having (i) issued no-action relief allowing registered funds to engage in self-custody of interests in loans that are originated,...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - January 2021 #3

WilmerHale on

Speaker Nancy Pelosi (D-CA) said the House is planning to bring a coronavirus relief bill to a vote the first week of February. On the Senate side, Majority Leader Chuck Schumer (D-NY) said he aims to secure passage of the...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - December 2020

WilmerHale on

The Congressional Oversight Commission released its seventh report, which focuses on the Treasury and the Department of Defense’s $700 million loan to YRC Worldwide, Inc. The report is highly critical of the loan, noting that...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - November 2020 #3

WilmerHale on

The Congressional Oversight Commission issued a statement on the Secondary Market Corporate Credit Facility (SMCCF), noting that the SMCCF “is still purchasing approximately $20 million worth of corporate bonds per day. The...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - October 2020 #5

WilmerHale on

In response to requests from House Select Subcommittee on the Coronavirus Crisis Chair James Clyburn (D-SC), four companies that collectively received $595 million in Payroll Support Program funds have committed to retain...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - September 2020 #2

WilmerHale on

..The House Select Subcommittee on the Coronavirus Crisis held a remote hearing with civil rights advocates and public health experts to examine the steps that must be taken to ensure a free, fair, and safe general election...more

Hudson Cook, LLP

AFSA Extra Credit Podcast: Navigating Advertising During COVID-19

Hudson Cook, LLP on

Advertising during a global pandemic and social justice movement triggers an increased level of regulatory risk and reputational harm. Regulators moved quickly to interrupt bad actors that took immediate advantage of...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - August 2020 #2

WilmerHale on

The Congressional Oversight Commission held its first hearing on August 7, focusing on the Federal Reserve’s $600 billion Main Street Lending Program. Commission members were critical of the program, with Democrat Bharat...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - August 2020

WilmerHale on

Bharat Ramamurti, a Democratic member of the Congressional Oversight Commission, tweeted that the Commission will hold its first hearing on August 7, which will focus on the Federal Reserve’s Main Street Lending Program. ...more

Spilman Thomas & Battle, PLLC

The REAL Trending Litigation Topics Regarding COVID-19: April 20-24, 2020

Another week brings another round of COVID-19-related lawsuits. We are identifying some early trends and provide a synopsis of the more relevant lawsuits below....more

24 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide