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Chase Bank Sign on City Building

JPMorgan Chase, First Republic Refuse to Pay PPP Agent Fees Class Action

To alleviate some of the economic pressure on small businesses caused by closures to prevent the spread of Covid-19, Congress offered the Paycheck Protection Program (PPP). The government anticipated that small businesses would need the help of agents, such as attorneys and accountants, to prepare their applications, and they provided for such agents to be  Read more

Government Programs or Benefits
Provisions of Government Programs, Failure to Pay for Work or Services Rendered, Covid-19 Related
Person Filling Out PPP Application

American Express Nat’l Bank, Others Refuse to Pay PPP Agents’ Fees Class Action

The Paycheck Protection Program (PPP) is part of the CARES Act, designed to provide relief related to business closures during the Covid-19 pandemic. The PPP was intended to cover eight weeks’ worth of employee paychecks and certain other expenses to small businesses that might have otherwise had to lay off employees. The PPP provided for  Read more

Government Programs or Benefits
Provisions of Government Programs, Failure to Pay for Work or Services Rendered, Covid-19 Related
Bank of America Sign and Logo In Front of Branch

Bank of America and Other Banks Refuse to Pay PPP Agent Fees Class Action

A number of class actions have been filed recently by parties who acted as agents for applications to the Paycheck Protection Program (PPP), but who claim they have not been paid by the banks involved. This is one of those, filed by plaintiff Fisher, PA against a long list of lenders: Bank of America, NA,  Read more

Government Programs or Benefits
Provisions of Government Programs, Failure to Pay for Work or Services Rendered, Covid-19 Related
Stearns Bank Logo in Front of Landscape

Stearns Bank Refusal to Pay PPP Agent Fees Class Action

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  Read more

Government Programs or Benefits
Provisions of Government Programs, Failure to Pay for Work or Services Rendered, Covid-19 Related
Gavel wit Open Law Books in Background

Banks’ Refusal to Pay PPP Agent Fees Class Action

Many accountants, attorneys, and other such agents helped small businesses complete their applications for the Paycheck Protection Program (PPP). They were part of the push to get the funds to businesses fast, so that the businesses could keep keep paying their employees despite pandemic closures. Now many such agents are finding out that the banks  Read more

Government Programs or Benefits
Provisions of Government Programs, Covid-19 Related
Person Filling Out PPP Application

Arkansas Banks Refusal to Pay PPP Agent Fees Class Action

This class action brings suit against a group of Arkansas banks, alleging that they have refused to pay agents who helped to prepare small businesses’ applications for the Paycheck Protection Program (PPP), even though the program provides for such payments to agents to be taken out of the fees paid to the banks that participated  Read more

Government Programs or Benefits
Your Bank, Failure to Pay for Work or Services Rendered, Covid-19 Related
Bank of America Sign and Logo

Bank of America Refusal to Pay Agents for PPP Help Class Action

Can a bank benefit from a government program while refusing to obey its rules? The complaint for this class action alleges that Bank of America Corp. and Bank of America, NA are profiting from the Covid-19-related Paycheck Protection Program (PPP) while refusing to abide by its requirements. Specifically, the complaint alleges that Bank of America  Read more

Government Programs or Benefits
Failure to Pay for Work or Services Rendered, Covid-19 Related
Bank of America Sign and Logo in Front of Branch

Originating Banks Refusal to Pay PPP Agents Class Action

The Paycheck Protection Program (PPP) was intended to provide forgivable loans so that small businesses could keep paying their employees. Included in its terms were provisions for payments to agents who helped small businesses prepare their applications. The complaint for this class action alleges that Bank of America, NA, North Shore Bank, and TD Bank,  Read more

Government Programs or Benefits
Provisions of Government Programs, Failure to Pay for Work or Services Rendered, Covid-19 Related
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