Most Banks Lending Standards Remain Unchanged, Federal Reserve Report Shows

hand with credit card

 

The most recent Federal Reserve  quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices shows that most banks are maintaining the lending standards they have in place currently, while some banks have tightened these standards even further.

Banks tightened lending standards as a response to the economic downturn and the financial crisis that occurred in 2008. Banks appear to be maintaining these standards. Today, banks are requiring a higher minimum credit score  and are in general keeping credit limits lower than in the pre-crisis years.  The full report is available here.

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Buy VerizonCell Phones and Save. | Thanks to Bank Rates & Reviews, CD Rates and UK Loan
Easy AdSense by Unreal