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

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