U.S. small business rescue program gets capital and liquidity clarity, brings fintechs onboard
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WASHINGTON (Reuters) - The U.S. government's $350 billion effort to help ailing small businesses took several steps forward on Thursday as regulators confirmed banks would not have to hold capital against loans made under the program, and non-bank lenders were admitted to it.The capital treatment of loans was one of several issues banks had been seeking clarity on since the program was launched on Friday, while non-bank fintech lenders had also been pushing for days to be allowed to..