US EditionSBA rolls out new anti-fraud measures for loan programs
- The Small Business Administration this week introduced enhanced measures against fraud for federal loan applications.
- COVID-19 aid programs expanded greatly, but lacked adequate safeguards, causing widespread fraud.
- The new verification efforts include confirming citizenship and date of birth for loan applicants.
- Kelly Loeffler stated the SBA will ensure funds support legitimate small businesses and respects taxpayers.
- These actions aim to prevent abuse discovered after loans went to deceased people and children.
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23 Articles
23 Articles
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Left
2
Center
6
Right
5
Coverage Details
Total News Sources23
Leaning Left2Leaning Right5Center6Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
15%
C 46%
R 38%
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