Stearns Bank Refusal to Pay PPP Agent Fees Class Action

July 20, 2020

Many accountants, attorneys, and other such agents helped small businesses complete their applications for the Paycheck Protection Program (PPP). Now many such agents are finding out that the banks that accepted the applications and processed the loans are withholding their pay. The complaint for this class action is brought by one such agent, Chestnut Street Consulting, LLC, alleging that Stearns Bank, NA is not paying it the agent fees it earned in preparing PPP applications.

Case Event File: Stearns Bank Refusal to Pay PPP Agent Fees Class Action

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