MarketWatch web web Site Logo a hyperlink that brings you back into the website.

MarketWatch web web Site Logo a hyperlink that brings you back into the website.

Regulators urge banks and credit unions to think about providing small-dollar loans — consumer advocates call it an idea that is‘terrible’

Regulators are urging banking institutions to provide their clients loans to assist them to weather the coronavirus emergency that is national.

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Regulators are pressing for banking institutions, credit unions and savings associations to present consumers and small enterprises with small-dollar loans to greatly help offset the economic burden brought on by the coronavirus emergency that is national. But customer advocates state these loans could “trap individuals in a period of perform re-borrowing and crushing debt. Continue reading “MarketWatch web web Site Logo a hyperlink that brings you back into the website.”