Sector Regulation Sector Regulation

US Fed’s pending loan program for mid-sized companies would require only 'good-faith efforts' to keep workers

By Neil Roland
  • 28 May 2020 16:23
  • 28 May 2020 16:23
The US Federal Reserve’s pending loan program for small and mid-sized businesses will require borrowers to make only “good-faith efforts” to retain employees, a document released yesterday said, sparking criticism from congressional Democrats.

The $600 billion Main Street Lending Program, due to be up and running in a couple of weeks, will support

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

Discover MLex

Stay on top of global regulatory developments

TAKE A FREE TRIAL

Latest News