image credit: Mike Mozart / Flickr

Regulators urge banks and credit unions: Help your customers during the coronavirus emergency

March 26, 2020

Regulators are pushing for banks, credit unions and savings associations to provide consumers and small businesses with loans to help offset the financial burden caused by the coronavirus national emergency.

The Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency issued a joint letter encouraging banks and credit unions to offer small-dollar loans to their customers.

Read More on Market Watch