JP Morgan Chase & Co (JPM)

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Wells Fargo, Bank of America, JPMorgan Chase US Bankcorp were named in the lawsuit accusing them of processing applications for the largest loan amounts due to the massive fees they would generate, vs. processing them on a first-come-first-served basis as the Trump administration said would happen, according to Bloomberg.

Banks earned origination fees of 5% on loans up to $350,000; 3% on loans between $350,000 and $2 million; and 1% on loans between $2 million and $10 million. That means they earned $17,500 for processing a $350,000 loan, compared to $100,000 for a $10 million loan. -Bloomberg