PNC Bank Favored Large Customers for PPP Loans California Complaint

April 24, 2020

The Small Business Administration (SBA) is overseeing a Paycheck Protection Program (PPP) to help small businesses keep workers on their payrolls during the Covid-19 pandemic. The loans are intended to be distributed on a first come, first served basis. However, the complaint for this class action alleges that PNC Financial Services Group, Inc. and PNC Bank, NA have “lined [their] own pockets” by putting larger loan applications and those for PNC’s existing customers ahead of those for others.

Case Event File: PNC Bank Favored Large Customers for PPP Loans California Complaint

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