Big banks accused of favoring more lucrative small business loans in coronavirus program

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Four of America's biggest banks have been accused of harming thousands of coronavirus-hit small businesses by unfairly prioritizing emergency loan requests from large customers to earn fatter fees

New York Four of America's biggest banks have been accused of harming thousands of coronavirus-hit small businesses by unfairly prioritizing emergency loan requests from large customers to earn fatter fees.

Bank of America , Wells Fargo, JPMorgan Chase and US Bank were sued Sunday for allegedly failing to process forgivable loans in the $349 billion Paycheck Protection Program on a first-come first-served basis.

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In how many of these large firms does Trump or his family have a share?

What's that? America is built on Capitalism? Or is it on the backs of small business?

And in other news, water is wet.

People are too busy worrying about Pelosi’s brand of ice cream to worry about the real issues.

The corporate criminals have no shame.

Sanction the banks and make those companies that received the priority loans give it all back. It’s not their money, it mine and all the taxpayers. WTAF!

Barnes_Law How do these large, often public companies qualify as 'Small Business'? Tell the banks great. But they don't qualify for SBA backing. These are on you.

Barnes_Law Give them even more money. Fuck it, just give them all our money.

magat

BillyCorben Of course it's Bank of America and Wells Fargo...again

Well Obama was supposed to twach them a lesson but failed to do that. I’d love him back but this was his huge mistake.

BillyCorben And we are shocked why?

Anyone at all surprised that WellsFargo is in the mix yet again for doing the wrong thing?

Is anyone surprised?

Вот это я понимаю, а у нас министр крышует и объясняется за банки , как им тяжело, ни один банк не пошёл на встречу бизнесу .

No...

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