More Americans rejected for loans just as they may be feeling tapped out, Fed survey shows

The rejection rate for Americans looking for a loan hits a 5-year high, Fed data show. Banks are turning cautious as rates rise and the economy slows.

     

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Medora Lee, USA TODAY

The rejection rate for Americans looking for a loan hits a 5-year high, Fed data show. Banks are turning cautious as rates rise and the economy slows.

     

https://ift.tt/DZdKtrJ July 18, 2023 at 03:15AM