USA: Consumer credit crunch to turn worse

• USA: Consumer credit crunch to turn worse
  Overview: The Federal Reserve released the Senior Loan Officer Opinion Survey last night. The report contains a survey of lending standards, willingness to lend, and demand for the three months prior to October. Generally, the report showed a continued tightening of lending standards for all major loan types and deterioration in demand. In particular, the percentage of respondents reporting increased willingness to make consumer loans dropped to its lowest level since the Fed imposed credit

• USA: Consumer credit crunch to turn worse
  Overview: The Federal Reserve released the Senior Loan Officer Opinion Survey last night. The report contains a survey of lending standards, willingness to lend, and demand for the three months prior to October. Generally, the report showed a continued tightening of lending standards for all major loan types and deterioration in demand. In particular, the percentage of respondents reporting increased willingness to make consumer loans dropped to its lowest level since the Fed imposed credit