Lawsuits Claim Banks Failed to Pay PPP Agent Fees

May 14, 2020

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At A Glance

This Alert Affects:
Accountants and other loan agents who helped prepare paycheck protection program (PPP) applications and were not paid their agent fees by the bank.
What’s Going On?
Lawsuits have been filed against some banks alleging that they shorted accountants, consultants and others on the fees they were entitled to for preparing PPP applications. Attorneys working with ClassAction.org have now launched their own investigation into the allegations with the hopes of filing additional cases on behalf of financial professionals who were not properly paid for their work.
What You Can Do
If you were not paid your full agent fee for assisting in the preparation of PPP applications, fill out the form on this page. One of the attorneys handling this investigation may then reach out to you directly.
How a Lawsuit Could Help
A lawsuit could help accountants and other loan agents recover the fees they were entitled to under the Small Business Administration’s (SBA) orders.

The information submitted on this page will be forwarded to Berger Montague who has sponsored this investigation.

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