Tag: lowincome

Digital in yours hands

Fed, Biden administration launch new lending rules for low-income areas

WASHINGTON — Top U.S. banking regulators are set to overhaul how banks lend hundreds of billions of dollars a year to low-income communities, after scrapping a Trump-era overhaul that had divided regulators and banks. industry officials. The latest proposal to modernize the rules of the Community Reinvestment Act 1977 is due to be announced on…
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