Banks may soon offer Americans more loan options—here's what experts say you need to know before borrowing
March 27, 2020 at 16:01 PM EDT
As the number of unemployed Americans soars because of the coronavirus pandemic, federal regulators are looking for ways to get cash into their pockets. One new initiative: get more banks and credit unions to offer small loans at low rates. But experts say that Americans should research their options carefully before signing on the dotted line.