Regulators urge banks to learn more about small-business clients

02/9/2010 | Bloomberg Businessweek

Regulators are urging big banks to act more like community banks when it comes to getting to know their small-business customers. Guidelines now say banks should assess the creditworthiness of individual companies, rather than reject them because of their location or industry. Regulators say banks won't be penalized solely for lending to businesses in troubled industries or regions.

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