As more consumers do business online, some deposits are being unfairly categorized as brokered, inviting burdensome regulatory scrutiny.
The head of the U.S. central bank said its emergency credit programs were not designed to prop businesses up over the long term.
In a rare show of unity, banking industry and consumer advocacy groups told congressional leaders that it is not too late to ensure individuals can access all of their coronavirus relief funds promised by the government.
Online lenders can help the agency distribute loans faster as it gets set to deploy emergency funding to small businesses.