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One Response to “Thursday Headlines: Retailers set to move on chip cards”
Bloomberg: Fed Frets Corporate Credit Crunch Will Crimp Economic Growth – OCC cautions banks on large corporate debt and commercial real estate then the Fed cautions I’m not sure who that the credit crunch will slow economic growth. The CFPB wants banks to open the flood gates on direct auto and small denomination loans and the FDIC and OCC warn against weakness in auto lending. The Department of Ed has federal student loan program has delinquent borrowers arrested and the CFPB fines collectors of private loans for calling a delinquent borrower at work.
No wonder bankers are looking to sell and get out of this goofy business.
Are investors next?
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