Tag: bank loans

Banks Tighten Lending Standards in Wake of Failures: Fed Survey

May 10, 2023
bank loansBusiness & MarketsCompanieseconomyFederal ReserveUSUS News
0 Comment

A Federal Reserve report Monday showed banks raised their lending standards for business and consumer loans after the collapse of three large banks. More lenders are tightening their standards in the wake of increasing turmoil within the banking sector, according to the Federal Reserve’s quarterly Senior Loan Officer Opinion Survey (SLOOS). The survey also found…

Read More

Skip a Payment?!

December 21, 2022
bank loansBrightbudgetingDebt Managementpersonal debtpersonal finance
0 Comment

Get a load of the “gift” that reader Julie W. got in the mail from her bank several months ago: Dear Julie: Summer is the time for great vacations. So start with a vacation from your loan payments, with Skip-a-Payment. Three easy steps put extra cash in your pocket! 1. Mail the attached Skip-a-Payment coupon…

Read More

Australian Banking Watchdog Tightens Rules for High-Risk Loans

November 30, 2021
APRAAustraliabank loansMacquarie BankWorld
0 Comment

The Australian Prudential Regulation Authority (APRA) will now require banks to hold higher capital levels against interest-only loans, which entail higher risk, under its new bank capital framework. The changes, to come into force on January 2023, are designed to establish “unquestionably strong” Australian standards that align with the internationally agreed Basel III requirements. The…

Read More