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Wells Fargo, Chase sued over handling of Paycheck Protection Program loans

Wells Fargo, Chase sued over handling of Paycheck Protection Program loans

Small-business owners have sued some of the nation’s biggest banks, including JPMorgan Chase and Wells Fargo of prioritizing those applicants seeking larger amounts under the federal government’s Paycheck Protection Program in order to generate bigger loan origination fees, rather than processing the applications on a first-come first-serve basis, that the govt said would be used for PPP loans.

David
David
Mac
Mac 5 months

Wells Fargo again? Why are we bailing out banks? Even us science deniers have it in our holy bible that usury is bad. Everyone hates banks.

Judi Em
Judi Em 5 months

Good

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