Lawmakers Say Banks Need Guidance on Virus-Related Workarounds
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U.S. lawmakers are pushing regulators to provide room for banks to work out loans with businesses and consumers who may be affected by the coronavirus.
Banks may need some “ability to work with the regulators so that if people look like they’re becoming more credit risky because of the virus, the banks aren’t treated badly for treating them fairly,” Senator Mark Warner, a Virginia Democrat and member of the Senate Banking Committee said in an interview.