The News Tribune (Lite) - Banks grow even stricter on all sorts of loans as result of financial crisis

TheNewsTribune.com
Section: Business

Banks grow even stricter on all sorts of loans as result of financial crisis

THE NEWS TRIBUNE
Banks tightened the spigots further on all sorts of lending, from home mortgages to credit cards and business loans, as the worst financial crisis in seven decades took a bigger toll on the economy.

The Federal Reserve said Monday that its latest quarterly survey of bank lending practices found high numbers of banks reporting tighter credit standards across a broad range of loan products. Nearly 60 percent of banks responding to the survey said they had tightened lending standards on credit card debt.