Why Have Banks Stopped Lending to Low-Income Us Americans?

Why Have Banks Stopped Lending to Low-Income Us Americans?

The Federal Reserve released its annual collection of data gathered under the Home Mortgage Disclosure Act at the end of September. Among other findings, the report details that the country’s three biggest banks—Wells Fargo, Bank of America, and JPMorgan Chase—have sharply scale back on lending to low-income individuals in the last couple of years. 继续阅读“Why Have Banks Stopped Lending to Low-Income Us Americans?”