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JPMorgan Digs Into Alleged Staff Misuse of COVID-19 Loans

Friday, Sep 11 2020
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JPMorgan Chase is looking into some of its employees’ alleged abuse of federal pandemic relief programs. So reports CNN.

!--more-->In a memo signed by top officials, including CEO Jamie Dimon, the company said that “some employees have fallen short” in relation to Paycheck Protection Program loans and other government stimulus efforts.

The PPP provides two-year forgivable loans up to $10 million to cover mortgage interest payments, payroll and other monthly expenses, as Law360 notes.

Read the full article from CNN. 

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