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Regions to pay $4.9M for allegedly forgiving ineligible PPP loan
Key takeaways
- Regions to pay $4.9M for allegedly forgiving ineligible PPP loan Kate Berry Tue, May 26, 2026 at 10:44 PM GMT+7 3 min read RF RF-PE RF-PF
- Key insight: The Justice Department said Regions improperly approved forgiveness of a loan in 2021 that was ineligible for the Paycheck Protection Program.
- Supporting data: Regions said it disagrees with the allegations regarding a single loan out of 75,000 that the bank processed.
Regions to pay $4.9M for allegedly forgiving ineligible PPP loan Kate Berry Tue, May 26, 2026 at 10:44 PM GMT+7 3 min read RF RF-PE RF-PF
Key insight: The Justice Department said Regions improperly approved forgiveness of a loan in 2021 that was ineligible for the Paycheck Protection Program.
Supporting data: Regions said it disagrees with the allegations regarding a single loan out of 75,000 that the bank processed.
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