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BofA Must Halt PPP Loan Collections Amid Suit, Cos. Say

By Emilie Ruscoe ( May 3, 2023, 4:08 PM EDT) -- A trio of California small businesses have asked a Los Angeles federal judge to temporarily bar Bank of America NA from reporting payments on their Paycheck Protection Program loans as past due or doing anything else to adversely affect their credit as the plaintiffs proceed with a proposed class action against the bank....

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