Putative Class Dispute Over PPP Sent To Arbitrator For Determination

Mealey's (December 22, 2020, 3:50 PM EST) -- HOUSTON — The arbitration agreement signed by a bank customer as part of its business account agreement contains an arbitration provision expressly incorporating American Arbitration Association (AAA) rules and so an arbitrator must determine the threshold arbitrability question in a putative class complaint over the application process of loans for the Paycheck Protection Program (PPP), a federal judge in Texas ruled Dec. 18 (DNM Contracting, Inc. v. Wells Fargo Bank, N.A., No. 20-1790, S.D. Texas)....