Bank of America Says Class Action Could Jeopardize Loans to Small Enterprises

Bank of America Says Class Action Could Jeopardize Loans to Small Enterprises

A group from Williams & Connolly opposed a movement that could force Bank of America to cease restricting applications underneath the federal government’s $349 billion relief system, for which smaller businesses get loans to keep afloat through the outbreak that is COVID-19.

Thank you for sharing!

Bank of America has looked to a group from Williams & Connolly to fight a court action so it claims would threaten the federal government’s $349 billion relief system for which smaller businesses get loans to remain afloat through the COVID-19 outbreak.

Wish to continue reading?
Become a free of charge ALM Digital Reader.

Advantages of a Digital Membership:

  • Free usage of 3 articles* every thirty day period
  • Usage of the whole ALM system of web sites
  • Limitless use of the ALM suite of newsletters
  • Develop customized alerts on any search topic of the choosing
  • Re Search with a range that is wide of

*May exclude premium content
curently have a merchant account? Register Now

Amanda Bronstad

Amanda Bronstad may be the ALM staff reporter addressing course actions and mass torts nationwide. The email is written by her dispatch Critical Mass. She actually is located in Los Angeles.

Dig Deeper

Law Offices Mentioned

Trending Stories

International Briefing

A regular, curated collection of our worldwide content from around the world, over the company of legislation, in-house, regulatory, technology and much more, with expert insights from our senior editors.

Suggested Tales

Judge Issues Plaintiffs’ Straight To Sue Over CARES Act Loan Program

A federal judge appeared reluctant to grant a temporary restraining order against Bank of America over its application process in what could be the first court interpretation of the federal government’s $2 trillion COVID-19 stimulus package.

More spend Cuts and Furloughs, Calls for Paperless SCOTUS, Weirdness of Remote contracting: The Minute morning

Here is the headlines you’ll want to begin every day.

Nationwide Law Journal

US Supreme Court Sets Sound Arguments for Choose Situations in Might

The justices stated they might hear in can sometimes include the dispute over Trump’s economic documents, an Obamacare instance while the controversy over “faithless electors. on the list of instances”

Featured Firms

Presented by BigVoodoo

Class Actions: the statutory law of 50 States Book

State and federal court course action professionals alike will find Class Actions: what the law states of 50 States become a reference tool that is invaluable. Class Action Report.

Banking Litigation & Regulation Forum 2020 Event

Delivers the important thing insights and practical methods to acutely deal with the complex minefield of British banking litigation & legislation.

BTI – Bank & Capital Markets Tax Institute 2020 Event

BTI provides tax that is leading from finance institutions with unmatched tools and resources.

More from ALM

Why Law Offices Should get worried with Financial Crimes Danger

Current instructions around monetary criminal activity conformity destination increased strain on the industry that is legal. Safeguard your lawyer from economic crimes danger with one of these Anti-Money Laundering (AML) conformity recommendations.

2020 Ediscovery Buyer that is corporate Guide

Ediscovery solutions are critical opportunities. Enhance this guide to your vendor evaluations and probing questionnaire to assist your appropriate team pinpoint a reliable partner, not only a fancy solution.

How exactly to Critically Evaluate Ediscovery Vendors: 5 rough concerns to inquire about

Discover the five difficult concerns you really need to ask ediscovery computer computer computer software vendors that look beyond function contrast, and dive deeper in to the value supplied to simply help your business discover the fit that is best.

Premium Subscription

Using this registration you certainly will get limitless usage of good quality, on the web, on-demand premium content from well-respected faculty within the appropriate industry. That is ideal for solicitors certified in numerous jurisdictions or even for lawyers which have satisfied their CLE requirement but have to access resourceful information for their training areas.

Team Accounts

All of us Account membership solution is actually for legal groups of four or maybe more solicitors. Each lawyer is issued limitless usage of top quality, on-demand premium content from well-respected faculty when you look at the appropriate industry along side administrative access to effortlessly handle CLE for the whole group.

Bundle Subscriptions

Get access to probably the most knowledgeable and attorneys that are experienced our 2 bundle choices! Our Compliance bundles are curated by CLE Counselors you need to include present topics that are legal challenges in the industry. Our option that is second allows to create your bundle and strategically find the content that relates to your preferences. Both choices are priced similar.

From Information to Choices

Dynamically explore and compare information on law offices, organizations, specific solicitors, and industry styles.

Exclusive Depth and Reach.

Legal Compass includes use of our exclusive industry reports, combining the unmatched expertise of our analyst group with ALM’s deep workbench of proprietary information to supply insights that can’t be located elsewhere.

Big Images and Fine Details

Legal Compass delivers you the full scope of data, through the ranks associated with the Am Law 200 and NLJ 500 to intricate details and evaluations of companies’ financials, staffing, clients, news and activities.

Asking Ladies Management in Technology Awards 2020

Might 14, 2020
San Francisco Bay Area, CA

Acknowledging ladies leaders in technology for quality across Leadership, customer Service and Innovation.

Canadian Fixed Income Investments in Pensions Forum

03, 2020
Toronto, Ontario june

Tackle challenges & opportunities within fixed earnings because of low interest, not enough liquidity and a weakened dollar that is canadian.

Consulting Top 25 Consultants 2020

June 11, 2020
Ny, NY

Asking Magazine identifies specialists which have the biggest effect to their customers, organizations in addition to career.

Just how to Strengthen Data Privacy Strategy to your business Resiliency and it also Infrastructure Alignment

Sponsored By: FTI Asking |

Webcast Date: Wednesday, might 6, 2020 | In the current state of uncertainty, company resiliency is top of head for a lot of businesses; but, the majority are struggling to articulate what that may seem like and what you can do into the near term to accomplish it.

Am Law 100: styles, Insights & exactly exactly How organizations are situated For a Economic that is global Reset

Presented by: The United States Lawyer | Sponsored by: IMS Expert Services and Wells Fargo |

Webcast Date: Tuesday, April 21, 2020 | Join ALM’s upcoming webcast and get one of the primary to take a deep plunge in to the exclusive insights and trends unveiled within our Am Law 100 information and exactly how companies stay entering a really various 2020. Listen through the editorial and cleverness groups behind the report at the time it is released.

Our New Reality: Virtual ADR Is Here and able to Assist lawyers in Resolving Disputes

Sponsored by: Nationwide Arbitration and Mediation |

Webcast Date: Thursday, April 30, 2020 | given that we all have been up against the fact of social distancing, its imperative that individuals use technology to carry on working while sticking with the us government laws.

Assoc. General Counsel, Life Sciences – (U.S. remote)

Teaneck, Nj-new Jersey, United States Of America

Cognizant is seeking a Senior-level (Director or Director that is senior Sciences Regulatory Attorney situated in Dallas, Denver or Teaneck. You .

Litigation Associate Attorney

Hartford, Connecticut, Usa

Litigation firm, mainly protection, is searching for a co-employee with 1-5 years’ experience. Should be admitted to rehearse in Connecticut. Excelle.


Newark, Nj-new Jersey, United States Of America

Gibbons seeks an associate at work with 3-6 several years of pharma/medical mass and device tort litigation experience. Exceptional writing abilities needed. N.


DBR Internet

Fisher Potter Hodas proudly welcomes Gerry into the company


NYLJ Internet

Scahill Law Group P.C. mourns the passage of a legend, and our mentor, Judge John A. Milano


NYLJ Internet

Scahill Law Group P.C. mourns the passage through of a legend, and our mentor, Judge John A. Milano

ALM Legal Publication Newsletters

Join and Never Miss Another Story today.

In the membership that is digital can subscribe to an unlimited quantity of an array of free newsletters. Check out your My Account web page to produce your options. Have the prompt appropriate news and critical analysis you simply can’t afford to miss. Tailored only for you. In your inbox. Each and every day.

Scroll to top