Regions Bank agreed to pay the US $4,919,631 to resolve allegations of unjust enrichment linked to a forgiven Paycheck Protection Program (PPP) loan.
According to NS3.AI, the US Department of Justice said the Alabama-headquartered bank had $157.4 billion in consolidated assets.
The settlement agreement states that the decision to settle does not constitute an admission of liability.
Regions Bank Agrees to Pay $4.92 Million to Settle DOJ Allegations Over Forgiven PPP Loan
2026-06-05 15:59:11
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