Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully prioritized their own business customers when processing coronavirus stimulus loans from the government’s Paycheck Protection Program (PPP). Get the Full...
A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Investor Michael Drieu is leading a class action lawsuit against Zoom Video Communications Inc. alleging the California company’s video conferencing app has security bugs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A Manhattan court denied Goldman Sachs Group’s appeal to dismiss a class-action lawsuit that accuses the investment bank of hiding information when it created subprime securities prior to the Great Recession, according to a report in Reuters. Get the Full Story Complete the form to...
WeWork is not taking SoftBank Group Corp.’s withdrawal of its $3 billion offer lying down. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
A European court ruling could put a crimp in Airbnb’s home- and apartment-sharing business on the continent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
A U.K. law firm, Mishcon de Reya, has warned attorneys who are working from home to turn off their smart speakers while they’re talking to clients so the conversations don’t get recorded, according to a report by Bloomberg. Get the Full Story Complete the form...
A new proposed law in Delaware would make it illegal for businesses to only accept cash, according to a report by the Associated Press. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Supreme Court on Tuesday (March 3), possibly inched closer to a decision that would allow the Securities and Exchange Commission (SEC) to recoup money from fraudsters, according to a report from the Associated Press. Get the Full Story Complete the form to unlock this...
