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Reuters exclusively reports U.S may give banks bonus points for low-income lending

Reuters exclusively reports U.S may give banks bonus points for low-income lending

Reuters reported exclusively that U.S. regulators are considering giving banks additional regulatory points for lending to mid- to low-income Americans hurt by the coronavirus, as they seek to mitigate the economic impacts of the pandemic. The federal banking agencies are exploring a number of tools to get credit to American individuals and businesses amid worries the havoc wreaked by the coronavirus could see millions of lower-income Americans lose their jobs, sending them into default on auto loans, mortgages and credit card debt. nL1N2BB1U5