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Fair Lending - Banking Exchange
Joint letter is part of regulatory body’s push to reject proposal
US regulator assesses $250 million penalty and places restriction on bank’s future activities
First-of-its-kind competition challenges organisations to identify resources and tools for unbanked people across the US
Republican lawmakers want to stop banks with social screens for clients from getting government contracts
The banking giants have fulfilled pledges made last year to boost investment in minority-owned banks and businesses
The initiative has proven successful in addressing the needs of the US’s unbanked population
Federal Reserve data noted the lack of demand for small business loans even while noting that consumer demand is on the increase
Platform will help gig workers and contractors access government Covid-19 support
The OCC introduced rules last year to ‘clarify’ which entities were responsible for loans
Research from the Federal Reserve noted profitability and capital positions improved in H2 2020
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