Citibank will launch two pilot programs under the U.S. Office of the Comptroller of the Currency’s Project REACh or Roundtable for Economic Access and Change. The first program will make it easier for small businesses owned by women, minorities and veterans to get credit, while the second will issue credit cards to people without credit scores.

In addition, Citibank will also launch a pilot program in Los Angeles to provide more loans to women-, minority- and veteran-owned businesses. To do so, the bank will revise its underwriting standards and lower its thresholds for acceptable credit scores. Previously, Citibank changed some home-loan requirements and stopped charging overdraft fees to reach more minority borrowers.

Project REACh is part of the banking industry’s efforts to lend to a broader set of customers. Other banks participating in the program include U.S. Bancorp, Wells Fargo and J.P. Morgan Chase. Bank of America also launched an initiative to lend to minority home buyers with minimum credit scores or no down payments.

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