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Friday, September 20, 2024

‘The credit crunch has started’: Here’s what tighter lending standards mean for American consumers and businesses as banks navigate the SVB wreckage

Securing a loan or a credit line has gotten tougher since the Federal Reserve started jacking up interest rates, but the recent banking crisis is raising concerns that lending standards will tighten even further, resulting in a potentially harmful credit crunch. Nearly 45% of banks made it more …

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