The Broken Credit System

Small Business Credit, Commercial Credit

The hypothesis: big bank lending was down and it was impacting local economies. Drawing on the large pool of PayNet data, Harvard laid out a study to see if this was true--and if so, the reasoning behind it. PayNet SVP & GM William Phelan lays out the startling findings of the study, showing how the decline of big bank lending impacted local economies during and after the Great Recession.

Watch "Decline of Small Business Lending"