Cares Act news and trends

Telemedicine For Rural And Elderly Patients Gets Bipartisan Backing In Congress
Healthcare // June 17, 2021

Millions of Americans stayed connected with their doctors through telemedicine for the first time during the COVID-19 pandemic. Still, those without convenient access to care, such as people in rural areas and senior citizens, could lose access to that virtual care once the outbreak is...

Texas Man Charged In $5 Million PPP Loan Fraud Case
Security & Fraud // January 19, 2021

A Texas resident, 32-year-old Samuel Yates, was charged with allegedly trying to file fraudulent bank applications for over $5 million in loans related to COVID-19 relief, according to a press release Friday (Jan. 15) from the Department of Justice. According to the release, Yates reportedly...

Feds Charge Texas Man With CARES Act Fraud
Security & Fraud // October 09, 2020

Federal prosecutors on Thursday (Oct. 8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8 million in federal Paycheck Protection Plan (PPP) funds, which are backed by the Small Business Administration (SBA) under the Coronavirus Aid,...

US Spent $250B On Weekly Jobless Aid
Economy // August 10, 2020

The extra unemployment aid, totaling $600 a week for everyone who successfully filed for benefits, cost the federal government a total of $250 billion, The Wall Street Journal (WSJ) reported. Any worker who had permanently lost his or her job, was furloughed or had hours...

Interviews & Exclusives
What Q1 And Q2 Is Telling Us About The Rest Of 2020

July 06, 2020
Only halfway in, 2020 feels,  of course, like a decade’s been packed into six months. And to get a sense of where we are headed for the remainder of the year, one needs to look only slightly over one’s shoulder. The signs are a bit ominous for the U.S. consumer — and by extension, retailers. […]

Will ‘Zombie Companies’ Eat The US Economy?

June 16, 2020
You know the setup — the one that’s part of seemingly every horror movie ever made. Would-be victims use their wits to outrun hordes of moaning zombies, but a few...

Stimulus Relief Checks: Less Spending, More Saving

April 28, 2020
Starting last week, the COVID-19 stimulus funds began hitting the bank accounts of citizens nationwide. All in, the $290 billion program – part of the $ 2 trillion CARES Act that...

New Data: Separating The PPP Haves, Have Nots and Don’t Wants

April 27, 2020
When the Paycheck Protection Program (PPP) debuted earlier this month, it was heralded by some observers as a lifeline for small businesses that power Main Street in the United States....

Quick Reads
Secret Service Names Special Agent to Go After $100B Pilfered by Pandemic Fraudsters

December 22, 2021
Close to $100 billion was pilfered from pandemic relief funds, and the U.S. Secret Service has assigned Assistant Special Agent in Charge (ASAIC) Roy Dotson of the Jacksonville field office to oversee the recovery of the money lost to fraud. As National Pandemic Fraud Recovery Coordinator, Dotson will coordinate the more than 900 ongoing Secret […]

Texas Man Charged In $5 Million PPP Loan Fraud Case

January 19, 2021
A Texas resident, 32-year-old Samuel Yates, was charged with allegedly trying to file fraudulent bank applications for over $5 million in loans related to COVID-19 relief, according to a press...

Feds Charge Texas Man With CARES Act Fraud

October 09, 2020
Federal prosecutors on Thursday (Oct. 8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8 million in federal Paycheck Protection Plan...

US Spent $250B On Weekly Jobless Aid

August 10, 2020
The extra unemployment aid, totaling $600 a week for everyone who successfully filed for benefits, cost the federal government a total of $250 billion, The Wall Street Journal (WSJ) reported....