Fed: Banks Tightened Lending Standards for Small Businesses and Subprime Consumers
Banks reported that during the third quarter, they tightened their lending standards for small businesses, subprime mortgages and borrowers not meeting credit scoring thresholds for consumer loans, the Federal Reserve said in the October edition of its Senior Loan Officer Opinion Survey on Bank Lending Practices. In commercial and industrial (C&I) lending, banks reported that […] The post Fed:…
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