Consumer complaint received 2020-04-17
Company: HSBC NORTH AMERICA HOLDINGS INC.
State: NJ
Product: Checking or savings account
Sub-product: Other banking product or service
Issue: Managing an account
Sub-issue: Banking errors

Complaint:
Please see the attached unlawful reason for denial of my PPP application from hsbc bank and this was done to all the XXXX applicants with small businesses that i know of but do not have any business accounts because they do not have enough money to keep in a business account that demand a maximum-minimum of about {$20000.00}, {$50000.00} and {$100000.00} balance requirement daily. We can not afford those business accounts. For those reason we should not be left out of the PPP application from these big banks for those reason, and it is mainly minorities us that are being left out. 

TO : US Small Business Administration, US Attorney General, NJ Attorney General, New York Attorney General, US White House, US Congress, US Senate From : XXXX XXXX, XXXX XXXX XXXX XXXX, XXXX XXXX  XXXX XXXX, XXXX XXXX, NJ XXXX, XXXX, XXXX, Subject : Cares act ( the bank only looked at the application of its favourite companies that it makes most money from, and deny true small businesses even the ability to apply if they do not have a business account with them, most small business do not have a business account, and even more so when the small business is minority owned ). 

The major banks that Congress, the senate and the president gave complete power to process the PPP loan application did not use the first come first serve fair process but instead shift through the applications for their favourite companies that they make the most money from and for some reason, these are all XXXX  owned. 
These banks barred all true small businesses who do not have a separated business account at their bank from applying at their bank, the people who are mostly affected by this are minorities, especially XXXX folks, XXXX, and women. 
These banks that cares act gave total power to administer public funds have used discrimination, egregious and outrageous conduct in excluding true small businesses from applying and those few true small businesses who were lucky to sneak in their application to the bank, were ignored even thou their application were the earliest of the application, the banks decided to not process them because the banks focused on which businesses makes them money. My true small businesses and the 2000 small businesses that I have assisted and advocated for are victims of these banks and federal government unlawful conduct. 
For this reason the over 2000 true small businesses I am respresenting did not even got their application looked at, most did not even get to apply because all the banks like HSBC, XXXX XXXX, XXXX  XXXX XXXX, XXXX, XXXX XXXX, XXXX  etcetera all said they are not taking any application from any small businesses unless they have a business account there, it does not even matter the owners has personal accounts at their bank. 
I am asking for an investigation and I am informing that a class action lawsuit is about to be filed not only against the banks listed above but against the government agencies for violation of our constitional rights and making public funds only available to the private banks and their friends, the rich and powerful. There was literally no method employ that gave everyone a fair and equal chance of getting these Cares Act loans. It was design only for the wealthy and connected. 
The damages being seeked will be {$50.00} XXXX dollars in damages for the government and banks tortious conspiracy to deprive regular true small businesses with no connnections and friendship with the rich and powerful individuals and banks from getting a chance of being approved. 
An investigation is being requested into HSBC, XXXX XXXX, XXXX  XXXX XXXX, XXXX XXXX, XXXX, Congress, Senate, Small Business Administration, democratics and republic currently in the senate and congress and any part of the legislative and executive branch of the US Federal Government. What XXXX would put private banks in charge of processing this kind of funds? 
Any person currently elected in the congress, senate, executive branch of government needs to be VOTED OUT of office PROMPTLY for allowing, aiding, abetting and conspiring with the banks and allowing this law to pass that gives private bank this kind of power to pick and chose whose application they accept or process. Causing severe and horrific financial harm to true and more vulnerable small businesses. And the amount of money these applicants wanted for assistance was 10 % smaller than than granted amount he banks gave to their friends and favourites. 
I am calling for all my clients to vote no to anyone currently in office. It does not matter what office and what political party. For these reason a class action lawsuit will be filed against the defendants listed in this letter for {$50.00} XXXX dollars, {>= $1,000,000} submitted by XXXX XXXX

Company response to consumer: Closed with non-monetary relief