BofA Wants PPP Loan Class Action Tossed Or Arbitrated

By Katryna Perera (May 10, 2023, 9:31 PM EDT) -- Bank of America has asked a California federal judge to either dismiss or send to arbitration a proposed class action by three small businesses alleging that the bank misled them about the requirements of the Paycheck Protection Program loans in 2020, which the businesses say has now left them with unforgivable debt....

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