JPMorgan, Wells Fargo, Bank of America, U.S. Bank chased bigger PPP loans’ costs, lawsuit claims

Plaintiffs cited SBA information that suggested loan providers apparently processed doubly numerous $150,000 and under loans into the last three times when compared with initial 11 times . The dwelling regarding the scheduled system permits banking institutions to make 5% origination charges on loans as much as $350,000; 3% on loans from $350,000 to $2 […]

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