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
Suburban Houston police department has a history of excessive violence LEAGUE CITY, TX – The family of Matthew Krupar sued this city and one of its police officers in federal court today over the officer’s December 2019 shooting death of Krupar caught on a neighbor’s security camera  . Krupar, 31, was unarmed in front… Read More
After notorious Chicago Police detective Kriston Kato faked evidence, Bernard Williams spent 23 years in prison for a crime he didn’t commit CHICAGO – Bernard Williams was a 17-year-old student at what is now Near North Career Metropolitan High School, working in his family’s store, when Chicago police conspired to send him to prison for… Read More