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Wells Fargo, Other Lenders Miss Debut of Rescue for Small Firms

Small businesses had mixed results Friday trying to apply for loans on the first day of an unprecedented and quickly arranged federal relief program, with some banks including Wells Fargo & Co. saying they weren’t ready as lenders across the country grappled with a lack of detailed guidelines from the government.

Mortgage Crisis Prompts U.S. to Weigh Harder Line With Borrowers

With a wave of U.S. mortgage borrowers expected to seek reprieves from monthly payments, regulators are taking steps to make it easier for firms that service the loans and bracing for the reality that they may have to take a harder line in specifying who qualifies for relief.

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