First on CNN Business: JPMorgan, Ruth's Chris accused of cheating small businesses out of emergency loans

Singapore News News

First on CNN Business: JPMorgan, Ruth's Chris accused of cheating small businesses out of emergency loans
Singapore Latest News,Singapore Headlines
  • 📰 CNN
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 95%

JPMorgan Chase, Ruth's Chris Steak House and others are being accused in a lawsuit of efforts to 'cheat' small businesses out of federal stimulus funding amid the coronavirus pandemic

New York JPMorgan Chase, Ruth's Chris Steak House and others are being accused in a lawsuit of efforts to"cheat" small businesses out of federal stimulus funding.

An Illinois popcorn seller hurt by the coronavirus pandemic alleges that JPMorgan Chase's"pampering of its prized clients" like Ruth's Chris caused it to receive far less Paycheck Protection Program funding than needed, according to the lawsuit, which seeks class-action status and was filed in federal court in Illinois.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNN /  🏆 4. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chris Pine in This Ruth Bader Ginsberg Tank Has Reached Ultimate Zaddy StatusChris Pine in This Ruth Bader Ginsberg Tank Has Reached Ultimate Zaddy StatusOne look, and you'll turn into the heart-eye emoji.
Read more »

Chris Pine Showed Off His Allegiance to Ruth Bader Ginsburg in the Best WayChris Pine Showed Off His Allegiance to Ruth Bader Ginsburg in the Best WayChris Pine blended social distancing with Ruth Bader Ginsburg-style social justice on his latest walk.
Read more »

Facing furor, Ruth’s Chris high-end steak chain returns $20M small-business loanFacing furor, Ruth’s Chris high-end steak chain returns $20M small-business loanThe restaurant chain has been under fire for accepting stimulus loans earmarked for struggling small businesses.
Read more »

Facing furor, Ruth’s Chris high-end steak chain returns $20 million small business loanFacing furor, Ruth’s Chris high-end steak chain returns $20 million small business loanThe restaurant chain has been under fire for accepting stimulus loans earmarked for struggling small businesses.
Read more »

Facing furor, Ruth's Chris high-end steak chain returns $20M small-business loanFacing furor, Ruth's Chris high-end steak chain returns $20M small-business loanThe restaurant chain has been under fire for accepting stimulus loans earmarked for struggling small businesses.
Read more »

Public Companies Rush To Repay Paycheck Protection Program Loans Amid Government PressurePublic Companies Rush To Repay Paycheck Protection Program Loans Amid Government PressureRuth's Hospitality, DMC Global, Wave Life Scienes and Sweetgreen have said they are returning their emergency small business loan funding.
Read more »



Render Time: 2025-03-13 10:16:45