KServicing has hit back against allegations that it had facilitated high rates of fraudulent PPP loans.
KServicing and other fintech companies were accused in a report by the House Select Committee on the Coronavirus Crisis, of defrauding the federal government out of large sums of money.
“Unfortunately, the report does the American people a disservice by parsing bits of information out of context to reach a predetermined conclusion. Looking back on the tumultuous time of the height of the COVID-19 pandemic, the fintech community played a vital role in helping bolster the US small business community and we are proud to have been part of that endeavor”, KServicing says in a statement.
