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A survey released on May 2nd by the Federal Reserve found more banks easing standards for consumer loans than at any time since 1994.
Commercial and industrial loans by banks shrank by 24% between October 2008 and March, but have levelled off since then, and Fed surveys have found that for the first time since 2007 banks are easing standards for business loans.
It says its job has become more complicated in part because it added more than 940,000 veterans to the compensation rolls in the last four years and covers more conditions — like those linked to Agent Orange and gulf war illness — while easing standards for proving post-traumatic stress disorder.
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The Bush administration, which had been considering changes that might have eased standards for satisfying the law that expanded opportunities for girls and women in sports, instead reaffirmed yesterday how the law, known as Title IX, is enforced.
The measure also would ease standards for introducing new antibiotics, even if they haven't been tested on humans, as long as they're directed at "serious or life-threatening infections... in patients with unmet medical needs".
In January, banks started easing lending standards for prime mortgages, which carry the lowest risk.
PAGE A26 Title IX Changes Proposed A Bush administration panel recommended easing some standards for satisfying the law that expanded opportunities for girls and women in sports.
In a final meeting today marked by exasperation and confusion, a Bush administration commission recommended easing some standards for satisfying Title IX, the law that expanded opportunities for girls and women in sports.
Its efforts have helped reduce some strains in the financial markets but they have been less successful in lowering borrowing costs and easing lending standards for businesses and consumers.
While three banks said they'd eased their standards for lending to small companies, seven said they'd eased up on big borrowers.
Banks, flush with deposits to lend out, have eased their standards for extending credit.
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CEO of Professional Science Editing for Scientists @ prosciediting.com