WSJ News Exclusive | People Need Loans as Coronavirus Spreads. Lenders Are Making Them Tougher to Get.

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As a possible recession looms, banks and fintech companies are tightening lending standards for small businesses and riskier consumers

Banks and financial-technology firms are starting to toughen their approval standards for new loans to consumers and small businesses. That means many people could find it hard to get credit just when they most need it, as the novel coronavirus pandemic puts thousands out of work.

Large U.S. lenders including JPMorgan Chase & Co., Bank of America Corp., Capital One Financial Corp. and Santander Consumer USA Holdings Inc. are among the companies reviewing and revising certain lending criteria, according to people familiar...

 

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Banks are tightening for everybody. They have become very risk averse and thus are backing out of many transactions. Part of the solution or part of the problem?

It’s so time for a tax revolt.

We need to stop bailing out big business and help small business and out people

Summons my Summons ANGEL of ARMOR and PROTECTION 😇 GROUNDED back to all Homebases Headquarters I am Here in Highland Park CA,

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