Financial Services Financial Services

US Fed may add nonprofits to pending Main Street Lending Program, Powell says

By Neil Roland
  • 11 Jun 2020 15:32
  • 11 Jun 2020 15:32
The US Federal Reserve may include nonprofits in its pending Main Street Lending Program for small and mid-sized businesses, Chairman Jerome Powell said, in the wake of a new study showing the “devastating impacts” of the pandemic on these organizations.
“One thing we’re looking at, very strongly looking at, is

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Neil Roland

Senior Correspondent


Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

Discover MLex

Stay on top of global regulatory developments

Latest News