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Tag Archives: standards

Credit card corporate announcements confirm: delinquencies up, lending tightening

Daniel Ray

Lots of corporate news today confirms that as credit card delinquencies rise in this sour economy, card issuers are tightening their lending standards.
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Loan officers’ survey: Credit card lending standards tighten sharply

Daniel Ray

Credit card issuers sharply tightened lending standards in July, hiking rates, slashing credit limits and generally getting stingier about issuing cards, according to a Federal Reserve survey released Monday afternoon.
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OCC study: Credit card lending standards tighten sharply

Daniel Ray

Credit card lending standards have tightened sharply this year, according to a federal banking report issued today, and that means credit card offers will be tougher to come by for already cash-strapped consumers.
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