Ongoing Risks of Government Lending Programs

https://www.knowledgeleader.com/topics/laws-regulationshttps://www.knowledgeleader.com/topics/laws-regulationsProtiviti and the Los Angeles Chapter of the Risk Management Association (RMA) hosted a webinar last August titled ‘‘Ongoing Risk Implications of Government Lending Programs.’’ During the webinar, speakers discussed the current bank regulatory environment, credit risk issues, and fraud and compliance issues related to government grant and lending programs, specifically the Paycheck Protection Program (PPP).

This article summarizes some key takeaways from the webinar and highlights five proactive steps lenders can take to self-discover fraud.