Small Business Save Earned Banks $10 Billion In Charges. A Bank of America indication is presented at…

Small Business Save Earned Banks $10 Billion In Charges. A Bank of America indication is presented at…

A Bank of America indication is exhibited at a branch in nyc on April 10, 2020. Mark Kauzlarich/Bloomberg via Getty Images hide caption. Banks managing the federal government’s $349 billion loan system for small enterprises made a lot more than $10 billion in fees — also as tens and thousands of small enterprises had been closed from the system, in accordance with an analysis of economic documents by NPR. The banks took into the charges while processing loans that needed less vetting than regular loans from banks along with small danger for the banking institutions, the documents reveal. (more…)