Regulators urge banks to make loans to Gulf oil spill victims
{{#rendered}} {{/rendered}}Regulators are urging banks to make loans to creditworthy people and businesses whose livelihoods have been hurt by the Gulf Oil spill.
The agencies say: "Banks can help customers recover financially and be better positioned to honor their obligations."
They add that these efforts can also contribute to the health of local communities.
{{#rendered}} {{/rendered}}The agencies making the plea include federal regulators, such as the Federal Reserve and the Federal Deposit Insurance Corp., along with the Conference of State Bank Supervisors.