November 16, 2020
A California federal judge tossed a putative class action Monday alleging Wells Fargo, JPMorgan Chase, Bank of America and other big banks owe agents filing fees for helping businesses secure loans under the federal Paycheck Protection Program, but the judge gave the agents another shot at pleading.
October 13, 2020
Some of the nation's biggest banks have a "fundamental misapprehension" of the federal Paycheck Protection Program when they argue they're not required to pay fees to loan agents during the COVID-19 pandemic, the agents told a California federal judge Monday while fighting to keep their suit in court.
September 16, 2020
Some of the nation's biggest banks being sued by agents claiming they're owed filing fees under the federal Paycheck Protection Program asked a California federal judge Tuesday to toss the proposed class action because the COVID-19 pandemic program doesn't require them to pay fees.