Sector Regulation Sector Regulation

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 nonprofits, and is

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