Latest News

Dec 01
Press Release
Washington, D.C. (December 1, 2022) – Today, the Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James E. Clyburn, released a staff report detailing the poor performance of many financial technology companies (fintechs) in administering the nation’s largest pandemic relief program, the Paycheck Protection Program (PPP). The report details how the investigated companies, despite being tasked with processing PPP applications while screening out those with signs of fraud, abdicated that responsibility—in many cases recklessly—resulting in the approval of large numbers of fraudulent applications.
Nov 17
Press Release
Washington, D.C. (November 17, 2022) – Today, the Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James E. Clyburn, and the Committee on Oversight and Reform, chaired by Rep. Carolyn B. Maloney, released new evidence that state and federal contractor inaccurately overstated its capacity to conduct identity verification services to the Internal Revenue Service (IRS) and made baseless claims about the amount of federal funds lost to pandemic fraud in an apparent attempt to increase demand for its identity verification services.
Nov 14
Press Release
Washington, D.C. (November 14, 2022) – Today, Rep. James E. Clyburn, Chairman of the Select Subcommittee on the Coronavirus Crisis, released the below statement after the Consumer Financial Protection Bureau (CFPB) released new guidance following a Select Subcommittee investigation finding that the three largest nationwide consumer reporting agencies—Equifax, Experian and TransUnion—have not adequately addressing consumer disputes regarding errors in credit reports, in possible violation of the Fair Credit Reporting Act.

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