Financial services giant Bank of America has had a rough year (or, going back to the financial crisis, a rough few years). This article highlights a recent move by Bank of America which could further tarnish its reputation--the bank is aggressively scaling back its lending to small businesses. The article details why this is such a shocking move, offers Bank of America's side of the story, and ties this in with other recent actions by the bank which raised consumer outcry.
- Summary by FizzLaw Team
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Bank of America’s Latest Controversial Move: Cutting Back Small Business Lending