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Lawsuit: JPMorgan Chase Gave Preferential Treatment to Large Clients Seeking PPP Loans - PR Newswire

Lawsuit: JPMorgan Chase Gave Preferential Treatment to Large Clients Seeking PPP Loans - PR Newswire | Agents of Behemoth | Scoop.it
/PRNewswire/ -- JPMorgan Chase gave preferential treatment to large commercial banking clients seeking emergency loans through the Paycheck Protection Program...
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Wells Fargo, BofA, amongst banks going through probe on PPP loans | Fintech Zoom

Wells Fargo, BofA, amongst banks going through probe on PPP loans | Fintech Zoom | Agents of Behemoth | Scoop.it

A Home panel overseeing the coronavirus response is launching probes into how a number of banks, together with JPMorgan Chase, Bank of America, Wells Fargo & Co and Citigroup Inc., made choices about find out how to implement small-business loans underneath the federal government’s Paycheck Safety Program. 

Occupy Hades's insight:

"The investigations, launched by the Democratic-led Choose Subcommittee on the Coronavirus Disaster, is looking for to find out whether or not banks and Treasury Division steerage favored bigger, well-connected companies over smaller firms from rural or minority communities when making small enterprise loans to fight the financial fallout from the coronavirus pandemic." - By Laura Davison and Mark Niquette, Bloomberg

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