Bank of America States Class Action Could Jeopardize Loans to Smaller Businesses

Bank of America States Class Action Could Jeopardize Loans to Smaller Businesses

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

Thank you for sharing!

Bank of America has looked to a group from Williams & Connolly to battle a court action so it claims would jeopardize the federal government’s $349 billion relief system by which smaller businesses receive loans to remain afloat throughout the outbreak that is COVID-19.

Like to continue reading?
Become a Free ALM Digital Reader.

Great things about a Digital Membership:

  • Free usage of 3 articles* every thirty days
  • Use of the whole ALM system of sites
  • Limitless usage of the ALM suite of newsletters
  • Develop customized alerts on any search subject of one’s selecting
  • Re Search by a range that is wide of

*May exclude premium content
curently have a free account? Check In Now

Amanda Bronstad

Amanda Bronstad could be the ALM staff reporter class that is covering and mass torts nationwide. She writes the e-mail 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 planet, throughout 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

In just what may be the very first court interpretation regarding the federal government’s $2 trillion COVID-19 stimulus package, a federal judge showed up reluctant to give a short-term restraining order against Bank of America over its application procedure.

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

Day here’s the news you need to start your.

Nationwide Law Journal

US Supreme Court Sets Sound Arguments for Choose Situations in Might

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

Featured Companies

Presented by BigVoodoo

Class Actions: the statutory law of 50 States Book

State and federal court class action professionals alike will find Class Actions: what the law states of 50 States become a indispensable guide device. Class Action Report.

Banking Litigation & Regulation Forum 2020 Event

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

BTI – Bank & Capital Markets Tax Institute 2020 Event

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

More from ALM

Why Law Offices Should get worried with Financial Crimes Danger

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

2020 Ediscovery Buyer that is corporate Guide

Ediscovery solutions are critical assets. Enhance your merchant evaluations using this guide and probing questionnaire to assist your appropriate team pinpoint a dependable partner, not only a fancy solution.

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

Discover the five difficult concerns you ought to ask ediscovery pc pc software vendors that look beyond feature contrast, and dive deeper in to the value supplied to greatly help your business discover the fit that is best.

Premium Subscription

With this specific membership you certainly will get limitless usage of top quality, on line, on-demand premium content from well-respected faculty when you look at the appropriate industry. That is ideal for solicitors certified in numerous jurisdictions or even for lawyers which have satisfied their CLE requirement but want to access resourceful information for their training areas.

Team Accounts

Our Team Account registration solution is actually for appropriate groups of four or even more lawyers. Each lawyer is issued limitless use of good quality, on-demand premium content from well-respected faculty within the appropriate industry along side administrative access to effortlessly handle CLE for the whole group.

Bundle Subscriptions

Get access to several of the most knowledgeable and experienced lawyers with our 2 bundle choices! Our Compliance bundles are curated by CLE Counselors you need to include present appropriate subjects and challenges in the industry. Our option that is second allows to construct your bundle and strategically choose the content that concerns your preferences. Both choices are priced the exact same.

From Information to Choices

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

Exclusive Depth and Go.

Legal Compass includes use of our exclusive industry reports, combining the unmatched expertise of ALM’s deep bench to our analyst team of proprietary information to give you insights that can’t be located any place else.

Big Images and details that are fine

Legal Compass delivers you the complete range of data, through the ranks of this Am Law 200 and NLJ 500 to intricate details and evaluations of businesses’ financials, staffing, clients, news and occasions.

Asking Ladies Management in Technology Awards 2020

Might 14, 2020
Bay Area, CA

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

Canadian Fixed Income Investments in Pensions Forum

June 03, 2020
Toronto, Ontario

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

Consulting Top 25 Consultants 2020

11, 2020
New York, NY june

Asking Magazine identifies specialists which have the biggest effect on the customers, companies in addition to occupation.

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

Sponsored By: FTI Asking |

Webcast Date: Wednesday, might 6, 2020 | In the present state of doubt, company resiliency is top of head for a lot of businesses; nevertheless, lots of people are struggling to articulate what that may appear to be and what you can do into the near term to obtain it.

Am Law 100: styles, Insights & exactly just exactly How organizations are placed 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 start to become one of the primary to have a deep dive in to the exclusive insights and trends unveiled within our Am Law 100 information and just how businesses stay entering a rather various 2020. Listen through the editorial and cleverness teams behind the report at the time it is released.

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

Sponsored by: Nationwide Arbitration and Mediation |

Webcast Date: Thursday, April 30, 2020 | Now that many of us are confronted with the fact of social distancing, it really is imperative that individuals utilize technology to keep working while staying with the us government laws.

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

Teaneck, Nj-new Jersey, Usa

Cognizant is seeking a Senior-level (Director or Senior Director) Life 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 train in Connecticut. Excelle.


Newark, Nj-new Jersey, United States Of America

Gibbons seeks a co-employee with 3-6 many years of pharma/medical mass and device tort litigation experience. Exemplary writing abilities needed. N.


DBR Online

Fisher Potter Hodas proudly welcomes Gerry to your company


NYLJ Internet

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


NYLJ Online

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

ALM Legal Publication Newsletters

Subscribe and Never Miss Another Story today.

In your electronic account, you can subscribe to an unlimited number of an array of free newsletters. Go to your My Account web web page which will make your alternatives. Have the prompt news that is legal critical analysis you can not manage to miss. Tailored only for you. In your inbox. Each and every day.

Add Your Comment