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Profiles, Inc. et al v. Bank of America Corporation et al
Case Number:
1:20-cv-00894
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 17, 2020
BofA Can Keep Virus Relief Loan Gating Policy During Appeal
A Maryland federal judge said Friday she won't order Bank of America to alter its Paycheck Protection Program lending practices while several small businesses that have accused the bank of unlawfully limiting access to the coronavirus relief program try to persuade the Fourth Circuit to intervene.
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April 15, 2020
Battle Over BofA's Virus Relief Biz Lending Heads For Appeal
A group of small businesses is appealing a Maryland federal judge's decision to allow Bank of America to continue turning away certain customers seeking loans under the $349 billion Paycheck Protection Program and has asked for an emergency injunction while their fight goes to the Fourth Circuit.
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April 13, 2020
BofA Can Continue Gating Policy On COVID-19 Relief Loans
A Maryland federal judge on Monday declined to issue an emergency order blocking eligibility restrictions that Bank of America has placed on its lending under the $349 billion Paycheck Protection Program, dealing a blow to several small businesses that say the restrictions are illegal and about to drive them under.
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April 10, 2020
BofA Defends Gating Policy In Virus Relief Loans Suit
Bank of America on Friday urged a Maryland federal judge not to issue an emergency order requiring the bank to accept applications from a wider range of small businesses seeking loans under the $349 billion Paycheck Protection Program, warning of a potential "crippling effect" on the bank's participation in the federal coronavirus relief program.
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April 07, 2020
BofA Faces Escalation In Virus Relief Loans Lawsuit
A fight over Bank of America's handling of would-be applicants for a $349 billion federal coronavirus relief loan program escalated on Tuesday as a group of small businesses asked a Maryland federal court for an emergency order blocking the bank from conditioning applicant eligibility.