JPMorgan Chase, First Republic Refuse to Pay PPP Agent Fees Complaint

July 22, 2020

To alleviate some of the economic pressure on small businesses caused by closures to prevent the spread of Covid-19, Congress offered the Paycheck Protection Program (PPP). The government anticipated that small businesses would need the help of agents, such as attorneys and accountants, to prepare their applications, and they provided for such agents to be paid through the lenders for the program. However, many agents are reporting that lenders have refused to pay them. Among the lenders refusing to pay are JPMorgan Chase and First Republic Bank.

Case Event File: JPMorgan Chase, First Republic Refuse to Pay PPP Agent Fees Complaint

Related to: JPMorgan Chase, First Republic Refuse to Pay PPP Agent Fees Class Action