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Wells Fargo Rejection of Qualified PPP Applications New Mexico Class Action

The CARES Act and its Paycheck Protection Program (PPP) was intended to bring help to small businesses “in a fair, equitable and uniform manner,” says the complaint for this class action. But Wells Fargo Bank, NA, it says, “unlawfully prioritized its existing business clients” over others who also needed the loans offered by the program,  Read more

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Oregon CARES Fund Racial Requirement Settlement

The Oregon Department of Administrative Services, The Contingent, and Black United Fund, Inc. are settling a case that challenged the race-oriented criteria of a black relief and resiliency fund. The original Fund was created from a portion of federal Covid-19 relief money received by the state of Oregon, and a new fund has been created  Read more

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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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Wells Fargo Prioritized PPP Applications for Larger Loans Class Action

Wells Fargo has been a defendant in a number of class actions in recent years, with a wide variety of allegations. The complaint for this class action claims that Wells Fargo & Company and Wells Fargo Bank, NA violated the terms of the Paycheck Protection Program (PPP) by favoring certain customer applications over others, rather  Read more

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JPMorgan Chase Prioritized PPP Applications of Favored Customers Class Action

The complaint for this class action alleges that JPMorgan Chase prioritized larger or more favored companies when processing applications for the Paycheck Protection Program (PPP), against the government’s first-come, first-served intention. The result, it says, was a small company’s failure to get a PPP loan.  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

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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

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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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