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BREAKING: Fed is temporarily lifting Wells Fargo's asset cap so it can help lend to small business


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  • In a move aimed at accelerating loans to small businesses, the Federal Reserve said it is lifting Wells Fargo’s asset cap.
  • The limit was put into place after the bank’s fake account scandal.
  • Under the order announced Wednesday, Wells will have to return any proceeds it gets to the Treasury or nonprofit agencies.

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