A Fed survey shows banks are continuing to raise the bar for lending in response to worsening economic conditions.
Significant net shares of banks expect performance to deteriorate in 2020 for both credit card and auto loans to nonprime borrowers, according to the Fed.
A Fed survey finds banks were encouraged to ease terms on C&I loans by "a more favorable or less uncertain economic outlook."
The Fed's July survey of senior loan officers is in line with other data showing weakness in business spending.
Conditions tightened for construction and land development loans, as well as loans secured by multifamily residential properties, according to a Fed survey.
Forty-four percent of the senior loan officers surveyed said their banks had reduced the interest-rate spread on C&I loans.
