Fed Expands Paycheck Protection Facility to Include More Lenders

This post was originally published on this site

https://d1-invdn-com.akamaized.net/content/pic2cc88596877cdabaee9003883c6cb81c.jpg

The Fed said in a statement that it broadened access to its Paycheck Protection Program Liquidity Facility to additional lenders such as non-depository institutions. The central bank also widened the collateral that can be pledged.

©2020 Bloomberg L.P.