Wells Fargo Prioritizes Larger PPP Loans California Complaint

April 19, 2020

Loans under the Paycheck Protection Program (PPP) were supposed to be distributed to small businesses on a first come, first served basis. However, the complaint for this class action alleges that Well Fargo & Co. and Wells Fargo Bank, NA gave priority to applications asking for larger loans, because these would earn higher fees for it.

Case Event File: Wells Fargo Prioritizes Larger PPP Loans California Complaint

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