SBA Orders Lenders to End Practice of Debanking
Agency Takes Decisive Action to Enforce President’s Directive to Stop Financial Discrimination The U.S. Small Business Administration (SBA) sent a letter to its network of over 5,000 lenders instructing them to end politicized or unlawful banking practices. Pursuant to Executive Order 14331, “Guaranteeing Fair Banking for All Americans,” SBA is requiring all......