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Banks May Receive Bonus Points for Low-Income Lending

Banks May Receive Bonus Points for Low-Income Lending

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FintechNews RoundupUSA
··1 min read

Regulators in the US are contemplating giving banks additional regulatory points for lending to mid and low income Americans who are being impacted by the coronavirus; agencies are also looking at other tools in order to provide credit to both individuals and businesses to help them navigate uncertain times;; the additional regulatory credits would be provided through the Community Reinvestment Act, which encourages lending and rates banks on how they are serving credit needs; ratings are important for banks in order to grow their business. Reuters

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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