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

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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.

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