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US DOJ Charges 14 With $28M In PPP Fraud

PYMNTS

Levy, 50, of Bedford, Ohio; and Abdul-Azeem Levy, 22, of Cleveland, Ohio. 46, of Cleveland, Ohio; and Bern Benoit, 44, of Burbank, California. In Arkansas, a project manager employed by a major retailer has pleaded guilty to bank fraud charges for filing fraudulent bank loan applications seeking more than $8 million in PPP loans.

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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

Rocket describes itself as the largest retail mortgage lender in the U.S. Gilbert, owner of the Cleveland Cavaliers and founder of Quicken Loans will retain 79 percent of the voting power of the company’s common stock through controlling entities, the SEC filing shows. which is owned by Gilbert.

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Amazon Expands Amazon Home Services To Twenty New Metro Areas

PYMNTS

In a press release , the eCommerce giant said the new cities include Indianapolis, IN; Las Vegas, NV; San Antonio, TX; Ann Arbor, MI; Cleveland, OH; Milwaukee, WI; Boulder, CO; Raleigh, NC; Trenton, NJ; and more. said Nish Lathia, general manager of Amazon Home Services , in the press release. Amazon announced Monday (Nov.

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KeyBank ups tech spend by $12M

BankInovation

KeyBank remained focused on expense management and improving its technology to stay competitive in the third quarter. The Cleveland-based bank’s noninterest expense increased to $1.1 Expense management remains a […] billion in the quarter, up by 0.4%

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Verizon, AT&T Finalists To Buy Yahoo’s Core Business

PYMNTS

Reuters is reporting that Yahoo has attracted five groups into the final round of bidding on its core business, with Verizon, Quicken Loans founder and Cleveland Cavaliers owner Dan Gilbert and Vector Capital Management leading the way. According to Bloomberg , the remaining pair of bidders is made up of AT&T and TPG.

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Subscriptions, AR Automation, PPP Loan Forgiveness Top This Week’s News

PYMNTS

Amazon has reportedly debuted the newest contactless way to make a payment at checkout through its Amazon One offering, which allows users to make a payment with a palm at some of its retail locations. Square Unveils QR-Code Based Ordering for Eateries . Pandemic Pushes 70 Pct of Businesses to Automate Accounts Receivable.

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As Dollar Tree Grows, Competitors Wither – And They’re Suing

PYMNTS

In addition, Dollar Express says its stores were saddled with “underqualified” and “inattentive” managers. The lawsuit against Dollar Tree accuses the behemoth of using confidential information to open new stores near the divested Dollar Express stores, then undercutting prices to drive them out of business.

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