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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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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

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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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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

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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

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ServisFirst, Synovus Refusal to Pay PPP Loan Agents Florida Class Action

The Paycheck Protection Program (PPP) is a government effort to aid business during the coronavirus pandemic by providing funds to keep them from laying off workers. The complaint for this class action, however, alleges that PPP lenders such as defendants ServisFirst Bank, Inc. and Synovus Trust Company, NA are not paying the CPA firms, attorneys,  Read more

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