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
Now He’s Suing the Cops Who Framed Him. Frederick Weichel was one of the nation’s longest, wrongfully imprisoned people BOSTON, MA – After more than 36 years in prison for a crime he didn’t do, today Frederick Weichel sued the Town of Braintree, MA, Boston and Massachusetts State police who “deliberately and intentionally framed [him]… Read More
Paul Lewis Browning, Finally Released Last August, Spent Three Decades on Nevada’s Death Row LAS VEGAS, NV – After 32 years of wrongful imprisonment, most of it on death row, Paul Lewis Browning yesterday sued Las Vegas police who framed him for a 1985 murder-robbery on the city’s strip. Browning was traveling to the East… Read More