The law is meant to demand that when banks take deposits from a particular area, they also make loans there.
Bill Bynum says Hope Credit Union is his ministry, giving predominantly Black communities a place to bank.
One reason why Black-owned businesses have fared worse in the pandemic: weaker banking relationships
That leaves them restricted access to capital, according to a study by the New York Fed.
Banks touch many sectors of the economy, that may be struggling — or thriving — during the COVID-19 pandemic.
The arrangement would allow minority-owned lenders to take PPP loans off of their balance sheets.
Big banks say they’ll give customers a temporary break on negative balances.
The federal government's guidelines for banks only went out Thursday night — hours before the program was supposed to start.
In an attempt to seem more trustworthy than big banks, financial startups are giving themselves folksy first names.
The Consumer Financial Protection Bureau is reviewing a 2009 rule that regulates how banks charge customers who overdraw their checking accounts.