American Express Nat’l Bank, Others Refuse to Pay PPP Agents’ Fees Complaint

July 22, 2020

The Paycheck Protection Program (PPP) is part of the CARES Act, designed to provide relief related to business closures during the Covid-19 pandemic. The PPP was intended to cover eight weeks’ worth of employee paychecks and certain other expenses to small businesses that might have otherwise had to lay off employees. The PPP provided for payments to agents who helped small businesses prepare the applications. However, the payments were to come though the banks that originated the loans, and many of them are now refusing to pass the payments along to the agents.

Case Event File: American Express Nat’l Bank, Others Refuse to Pay PPP Agents’ Fees Complaint

Related to: American Express Nat’l Bank, Others Refuse to Pay PPP Agents’ Fees Class Action