US Congressional subcommittee expands its investigation into FinTech companies and pandemic fraud
February 08, 2022
On November 23, the United States House Select Subcommittee on the Coronavirus Crisis announced that it has expanded its investigation into the role of FinTech companies in pandemic relief fraud. This expansion signals that the Department of Justice (DOJ) is not alone in setting its sights on investigating lenders and their FinTech partners. Businesses and individuals in the financial industry now must be prepared for congressional investigations.