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
MILWAUKEE – Late yesterday the family of Sylville K. Smith, a young man and father fatally shot by former police officer Dominique Heaggan-Brown August 13, 2016, finalized a record $4 million settlement with the City of Milwaukee. It is the largest pre-trial settlement of a police shooting case in Milwaukee and Wisconsin history. In addition… Read More
Man Sues State’s Attorney Karen Donnelly and Ottawa Police Department Officers Who Tried to Frame Him
Kenneth Cusick Maliciously Prosecuted For Supposedly Causing His Wife’s Death OTTAWA, IL – Kenneth Cusick, whose investigation and prosecution for the supposed murder of his then-wife dragged out for over a decade, today filed a federal lawsuit against LaSalle County State’s Attorney Karen Donnelly, Ottawa Police Captain Dave Gualandri, Former LaSalle County Coroner Jody Bernard, … Read More