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Lawsuit Alleges Wells Fargo Unfairly Shuffled Paycheck Protection Program Applications

"A California-based company filed a class-action lawsuit against Wells Fargo citing unfair actions against some small businesses seeking government-sponsored coronavirus relief under the Paycheck Protection Program.

In March, the Treasury Department announced the $349 billion forgivable loan plan for small businesses that helps them pay employees during the ongoing COVID-19 crisis. The fund ran out of money on Friday."


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