Chase Sign on Front of Tall Building

JPMorgan Chase Refusal to Pay PPP Agent Fees Class Action

The Paycheck Protection Program (PPP) was designed to provide forgivable loans to small businesses to help them continue to pay employees through the beginning of Covid-19 business closures. The PPP also designated funds for agents to help small businesses prepare applications. However, the complaint for this class action alleges that JPMorgan Chase Bank, NA and  Read more

Government Programs or Benefits
Failure to Pay for Work or Services Rendered, Covid-19 Related
Bank of America Sign Against Blue Sky

Bank of America Refusal to Pay PPP Agent Fees Class Action

The Coronavirus Aid, Relief, and Economic Security (CARES) Act to help businesses and individuals weather the initial part of the Covid-19 pandemic. The CARES Act included something called the Paycheck Protection Program (PPP) which was designed to provide forgivable loans to small businesses. However, the complaint for this class action alleges that Bank of America  Read more

Government Programs or Benefits
Failure to Pay for Work or Services Rendered, Covid-19 Related
PNC Sign on Building

PNC Financial Services Refusal to Pay PPP Agents Class Action

The Paycheck Protection Program (PPP) was administered by the Small Business Administration (SBA) with funds distributed by ordinary lenders. Included in the PPP funds were origination fees for the lenders out of which they were to pay fees to agents who helped complete the applications. The complaint for this class action alleges that PNC Financial  Read more

Government Programs or Benefits
Failure to Pay for Work or Services Rendered, Covid-19 Related
Name "Zions Bank" on Building, One of Zions Bancorporation's Institutions

Zions Bancorporation Fees Owed to PPP Agents Class Action

The Paycheck Protection Program (PPP) provided funds for small businesses to keep going and keep paying employees during the Covid-19 pandemic. It also provided funds for the banks that process the applications and, out of their fees, for agents who help the small businesses prepare the applications. However, the complaint for this class action alleges  Read more

Government Programs or Benefits
Failure to Pay for Work or Services Rendered, Covid-19 Related
Application Stamped "Approved"

Banks Refuse to Pay Agent Fees for PPP Applications Class Action

Congress passed the Paycheck Protection Program (PPP) to provide emergency loans to small businesses so that they could keep paying their workers during the shutdowns of the Covid-19 pandemic. The complaint for this class action brings suit against some of the lenders who accepted PPP applications, alleging they did not follow the provisions of the  Read more

Government Programs or Benefits
Failure to Pay for Work or Services Rendered, Covid-19 Related
BMO Harris Bank Location

BMO Harris Bank No Pay for Agents Who Helped with PPP Loans Class Action

Because the Paycheck Protection Program (PPP) was intended to help small businesses under strain in the time of Covid-19, it contains a provision for help in preparing the applications: It requires the lenders give a portion of their origination fee to the agents that helped with the preparation. The complaint for this class action alleges  Read more

Government Programs or Benefits
Your Bank, Failure to Pay for Work or Services Rendered, Covid-19 Related
Wells Fargo Red and Yellow Logo

Wells Fargo Improper Handling of PPP Applications Class Action

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  Read more

Government Programs or Benefits
Your Bank, Unfair Business Practices, Covid-19 Related
Wells Fargo Red and Yellow Logo

Wells Fargo Did Not Submit Smaller PPP Applications Class Action

The Paycheck Protection Program (PPP), meant to deliver relief to small businesses during Covid-19 difficulties, distributes its loan funding through ordinary institutions, including Wells Fargo Bank, NA. The complaint for this class action alleges that Wells Fargo chose to prioritize larger customers instead of following a “first come, first served” policy.  Read more

Government Programs or Benefits
Your Bank, Unfair Business Practices, Covid-19 Related
Wells Fargo Red and Yellow Logo

Wells Fargo Prioritizes Larger PPP Loans California Class Action

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  Read more

Government Programs or Benefits
Self-Dealing, Provisions of Government Programs, Loan-Related Unfair Practices, Deceptive Business Practices
PNC Logo

PNC Bank Favored Large Customers for PPP Loans California Class Action

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  Read more

Government Programs or Benefits
Self-Dealing, Provisions of Government Programs, Loan-Related Unfair Practices, Deceptive Business Practices