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Yahoo Money: Biden’s order could make it easier for Americans to borrow

Yahoo Money, July 22, 2021, Biden’s order could make it easier for Americans to borrow

A key part of President Joe Biden’s executive order this month could ultimately make it easier for Americans to qualify for loans and on more favorable terms

“Banking data allows lenders to understand in granular detail what a person’s cash flow is, how much money they have coming in every month, how much they are spending, and how much they have leftover at the end of the month,” said Jesse Van Tol, CEO of National Community Reinvestment Coalition.

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