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Regulators Urge Banks to Lend More Money

WASHINGTON - Responding to widespread concern that there is not enough capital available to businesses, the three agencies that regulate banks today urged all banks to expedite their lending.

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WASHINGTON – Responding to widespread concern that there is not enough capital available to businesses, the three agencies that regulate banks today urged all banks to expedite their lending.

“If underwriting standards tighten excessively or banking organizations retreat from making sound credit decisions, the current market conditions may be exacerbated, leading to slower growth and potential damage to the economy,” according to a statement issued by the Federal Reserve, the FDIC, the Office of the Comptroller of the Currency and the Office of Thrift Supervision.

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