It is illegal for banks to discriminate based on race when lending money. Nonetheless, banks have a long and well-documented history of discriminating against minority-owned businesses in lending.
In 2020, the federal government passed the CARES Act, which contained the Paycheck Protection Program (PPP). The PPP is a government loan designed to provide financial assistance for all small businesses to keep their employees on the payroll. The federal government used private banks, such as Chase, Wells Fargo, and others, to deliver this money to small businesses. Sadly, many banks have illegally catered to their existing, wealthy and often white clients, instead of ensuring that minority applicants get a fair shake.
Loevy & Loevy has a long history of fighting racial discrimination and ferreting out corruption in big corporations. If you or someone you know believes they have been discriminated against when applying for a loan under the PPP, we want to hear from you. Please fill out the following:
Topic: Police Misconduct
Jackie Wilson lost 36 years of his life due to brutal & corrupt cops says new federal suit CHICAGO – A four-decade saga of police rampage, torture, cover-up and perjury reached a new chapter this morning when one of Chicago’s most prominent police torture survivors, Jackie Wilson, sued former Mayor Richard M. Daley and a… Read More
JEFFERSONVILLE, IN – A year after he was shot dead by Indiana State Police in a traffic stop here, the family of Malcolm Williams filed suit in federal court today saying police killed him in front of his pregnant partner while he was not resisting or posing a threat to officers. Indiana State Police Officer… Read More