Page 41 - அமெரிக்கன் வங்கியாளர்கள் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Banks Fight $4 Billion Debt Relief Plan for Black Farmers Lenders are pressuring the Agriculture Department to give them more money, saying quick repayments will cut into profits. Handy Kennedy, a farmer in Cobbtown, Ga., and founder of a cooperative of Black farmers. Debt relief approved by Congress in March aims to make amends for decades of financial discrimination against Black and other nonwhite farmers.Credit.Michael M. Santiago/Getty Images May 19, 2021, 5:00 a.m. ET WASHINGTON The Biden administration’s efforts to provide $4 billion in debt relief to minority farmers is encountering stiff resistance from banks, which are complaining that the government initiative to pay off the loans of borrowers who have faced decades of financial discrimination will cut into their profits and hurt investors.

New yorkUnited statesSouth dakotaUnited states department of agricultureWhite houseDistrict of columbiaStephen millerCory bookerGoldman sachsTom vilsackJohn boyd jrCornelius blandingDanny creelSarah granoAgriculture departmentFederation of southern cooperatives land assistance fund