U.S. regulators urge banks to get back into small-dollar lending
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WASHINGTON (Reuters) - U.S. bank regulators told banks on Thursday they should strongly consider extending small-dollar loans to struggling people and businesses to help them make ends meet during the coronavirus pandemic.In a joint statement from the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau and other regulatory agencies, the regulators said banks are well-positioned to help struggling borrowers who are facing severe drops in revenue or income with..