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Lawsuit alleges Wells Fargo unfairly shuffled Paycheck Protection Program applications


Wells Fargo
the Paycheck Protection Program
the Treasury Department
PPP
Wells Fargo's
the U.S. Small Business Association
SBA


Charlie Scharf
Neiman Marcus
Dalvin Brown


Americans

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California

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The New York Times
SOURCE: https://www.usatoday.com/story/money/2020/04/19/wells-fargo-lawsuit-small-business-ppp-loans/5162801002/
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Summary

The fund ran out of money on Friday.The lawsuit filed on behalf of small business owners on Sunday alleges that Wells Fargo unfairly prioritized businesses seeking large loan amounts, while the government's small business agency has said that PPP loan applications would be processed on a first-come, first-served basis.

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