Profiles · Reporters
- Type
- Person
- Role
- Reporter
- Programs
- PPP
- Updated
The profile
Banking Dive senior editor; her May 2024 story covered the Kabbage / KServicing False Claims Act settlements.
Identity and role
Caitlin Mullen is a Banking Dive senior editor (editor page capture), which says she became senior editor in 2026 after joining in 2024 from Payments Dive.
Pandemic-relief / PPP-EIDL role
Her May 14, 2024 Banking Dive story covered the two settlements under which Kabbage (by then KServicing Wind Down Corp., in bankruptcy) agreed to resolve False Claims Act allegations that it submitted inflated PPP loans for forgiveness, guarantees and fees. The combined recovery was up to $120 million (the first tranche up to $63.2 million). The story reports KServicing's admissions of double-counting state and local employee taxes, failing to exclude compensation above $100,000 per employee, and miscalculating leave and severance.
Where they are now (2025–2026)
Banking Dive's editor page identifies Mullen as senior editor based in Charlotte, North Carolina.
The bankruptcy side of the case is covered in the profile of Judge Craig T. Goldblatt; the qui tam relator was Paul Pietschner (see his profile).
Sources held in this archive
Original source documents and archived captures
- Banking Dive editor page, Caitlin Mullen
- Caitlin Mullen, "Kabbage to pay $120M in PPP fraud settlements with DOJ," Banking Dive, May 14, 2024
- Banking Dive, House-subcommittee fintech PPP fraud coverage
Sources
- Banking Dive editor page, Caitlin Mullen: Banking Dive editor page, Caitlin Mullen (original: bankingdive.com · stored capture)
- Caitlin Mullen, "Kabbage to pay $120M in PPP fraud settlements with DOJ," Banking Dive, May 14, 2024: Caitlin Mullen, "Kabbage to pay $120M in PPP fraud settlements with DOJ," Banking Dive, May 14, 2024 (original: bankingdive.com · stored capture)
- DOJ (District of Massachusetts), "Kabbage Agrees to Pay up to $120 Million to Resolve Allegations that it Defrauded the Paycheck Protection Program," May 13, 2024: https://www.justice.gov/usao-ma/pr/kabbage-agrees-pay-120-million-resolve-allegations-it-defrauded-paycheck-protection local copy
- Banking Dive, House-subcommittee fintech PPP fraud coverage: Banking Dive, House-subcommittee fintech PPP fraud coverage (original: bankingdive.com · stored capture)