Desert FCU, Notre Dame FCU, Others Refuse to Pay PPP Agents Class Action

This class action has been brought by an accounting firm that helped small businesses prepare applications for the Paycheck Protection Program (PPP). It alleges that a number of banks that participated in the program have refused to pay agents as the program requires. The banks named include Bank of America, NA, Desert Financial Credit Union,  Read more

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Bank of America, JPM Chase Refuse to Pay PPP Agent Fees Class Action

This is one of a number of class actions alleging that lenders that processed loans for the Paycheck Protection Program (PPP) are refusing to complete their obligations by paying the agents who helped prepare the applications. Among the defendants in this case are Bank of America, NA, First Home Bank, Frost Bank, JPMorgan Chase Bank,  Read more

Pile of Money with Mask Saying "Paycheck Protection Program" on Top

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

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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

Person Filling Out PPP Application

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

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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

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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

Person Filling Out PPP Application

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

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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

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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

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