US House committee report details how fintech companies, like Blueacorn, allegedly disbursed billions in fraudulent PPP loans, while collecting billions in fees (Tony Romm/Washington Post)

Tony Romm / Washington Post:
A profile of incoming GOP House majority whip Tom Emmer, a rare crypto advocate who has developed close ties to the industry in a skeptical Congress  —  Tom Emmer had a message: Embrace cryptocurrency, and the campaign checks would soon follow.  —  It was August 2020, and the Minnesota congressman …

Tony Romm / Washington Post:
An investigation details US telecom giants abusing the FCC’s $14B Affordable Connectivity Program by introducing price hikes, speed cuts, and fraud risks  —  A pandemic-era initiative has helped millions of low-income families stay connected.  But it has suffered persistent abuses …

Sara Fischer / Axios:
Sources: LLC’s tied to crypto news site The Block’s CEO secretly received $43M in Alameda loans, used in part to acquire and run the site; CEO has now resigned  —  The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

Richard Rubin / Wall Street Journal:
The IRS says it inadvertently posted confidential information involving about 120,000 individuals on its website before discovering the error and removing it  —  Tax agency says error led to posting about some taxpayers with IRAs  —  WASHINGTON—The Internal Revenue Service inadvertently posted …

Manish Singh / TechCrunch:
India’s Enforcement Directorate searched the offices of Paytm, Razorpay, and Cashfree on Friday as part of an investigation into fraudulent Chinese loan apps  —  India’s financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday …

Colin Wilhelm / The Block:
The House Financial Services Committee plans a hearing on FTX’s collapse in December and invites Sam Bankman-Fried and other executives  —  – The House Financial Services Committee will hold a hearing on FTX in December.  — In a joint statement announcing the hearing, current Chair Maxine Waters …