[Yankeeman07]

i understand why you are defending the banks side.

A Los Angeles law firm Monday sued nearly 5,000 banks and lenders in an effort to recover $3.85 billion allegedly collected unfairly by financial institutions as administrative fees during the first round of payment protection funding for small businesses.

This is a typical lawsuit by an ambulance chasing Attorney / Law Firm. "Only a Democrat would use the wording "Unfairly Collected" - Treasury Department set forth fees for processing SBA Loans for the Banks to underwrite and then they have to collect data from merchants within a short time to verify that the LOAN will be forgiven.

Less than 90 days from now we will start learning how many "Loans" are not forgiven.
That will be a new round a gnashing of teeth from merchants.

Kevin from SCB may be able to answer this question - when the merchants loan is NOT forgiven, who is responsible for collecting the monthly payments and collections?

As has been stated for the last several weeks on this Forum - there is Zero Money for brokers within the EIDL or PPP Program.