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
Todd County, Kentucky and Kentucky State Troopers Falsified Evidence, Withheld Exonerating Evidence To Frame Norman Graham BOWLING GREEN, KY – Attorneys for 74-year-old Clarksville, TN resident Norman Graham today filed suit in federal court here challenging nearly four decades of law enforcement harassment and arrests without probable cause that eventually sent him to prison for… Read More
Louisville woman framed for murder and locked up at age 16 sues police after recent exoneration LOUISVILLE, KY – This morning Louisville resident Johnetta Carr sued seven current and former Louisville Metro Police Department officers in federal court for framing her for a murder she did not commit. The detectives are accused of coercing witnesses,… Read More