Wells Fargo Improper Handling of PPP Applications Complaint

May 22, 2020

The Paycheck Protection Program (PPP) was intended to help businesses and workers get through the time of Covid-19 shutdowns by providing a “direct incentive for small businesses to keep their workers on the payroll” through loans funded through the Small Business Administration (SBA) and processed by ordinary financial institutions. The complaint for this class action alleges that applications for PPP loans were to be processed on a first come, first served basis, “Wells Fargo placed several roadblocks that prevented and/or prejudicially delayed” the applications of certain small businesses seeking loans under the program.

Case Event File: Wells Fargo Improper Handling of PPP Applications Complaint

Related to: Wells Fargo Improper Handling of PPP Applications Class Action