Get Started for FREE
Sign up with Facebook Sign up with Twitter
I don't have a Facebook or a Twitter account
 Your new post is loading...
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. 
No comment yet.
Sign up to comment
Scoop.it!
Wells Fargo has agreed to pay US regulators $3 billion to settle three investigations into the bank’s damaging fake accounts scandal, the Department of Justice said on Friday.The fine settles criminal and civil liability in the case in which the nation’s fourth largest bank between 2002 and 2016 ...
|
Scoop.it!
Wells Fargo bank started processing applications for PPP loans a day after the program opened. The banks is accused of playing favorites with PPP applications.
|
"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