November 29, 2021
A California federal judge dismissed with prejudice a putative class action Wednesday against nonbank lender Fountainhead Commercial Capital LLC, which had been accused of prioritizing high-dollar applicants for federal Paycheck Protection Program loans.
June 30, 2020
Nonbank lender Fountainhead Commercial Capital LLC has asked a California federal judge to end litigation alleging the company disadvantaged small-dollar applicants for federal Paycheck Protection Program loans, arguing it had been appropriately transparent with would-be borrowers against the tumultuous backdrop of the coronavirus pandemic.
May 07, 2020
A small business in California launched a suit Wednesday accusing a nonbank lender of disadvantaging small-dollar applicants for federal Paycheck Protection Program loans by fast-tracking its most lucrative loan requests.