(Bloomberg) -- Bank of America Corp. said a new law authorizing a coronavirus rescue-loan program doesn’t bar it from favoring its own customers in processing applications and disgruntled consumers have no right to challenge it.The bank, which came under fire for prioritizing applications from existing small-business customers, asked a federal judge Thursday to reject a request to temporarily bar it from using practice as part of a lawsuit.Bank of America’s decision to put existing customers at the head of the line is simply “an effort to direct its resources quickly and efficiently,” the bank’s lawyers said in a court filing Thursday.
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