Tight credit controls squeeze small borrowers says Porter
Sylvia Porter argues that today s banking restraints hit only small businesses and marginal consumers who rely on loans and installment plans. They spare well capitalized corporations and buyers who can pay outright, leaving the average shopper facing tighter financing conditions.
MENTIONED IN THIS ARTICLE
New York
Credit Controls Tighten as Inflation Fears Rise
A Federal Reserve official describes credit restraint measures aimed at curbing inflation. He notes the impact on borrowers and the shift from easy lending to tighter terms, with rates at multi-decade highs and many loan applications denied or shortened.
MENTIONED IN THIS ARTICLE
Federal Reserve System
America
Americ ‘Cat
Federal Reserve
Federal Reserve Board
Government eases mortgage credits further
The Federal Home Loan Bank Board announced standby credit rules for savings and loan associations. Each member may borrow up to five percent of their drawable savings, with total old and new borrowings capped at ten percent. The policy aims to extend housing credits to federal associations, though many may not use the new standby facility.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Bank Board
Federal Savings and Loan Associations
Walter W McAlustar
McAllistar
Acon
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