Advance America

Why Have Banks Stopped Lending to Low-Income People In The Us?

Why Have Banks Stopped Lending to Low-Income People In The Us? At the conclusion of September, the Federal Reserve circulated its yearly number of information collected underneath the home loan Disclosure Act. The report details that the country’s three largest banks—Wells Fargo, Bank of America, and JPMorgan Chase—have sharply cut back on lending to low-income …

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