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Exact(14)
Restricting credit shuts poor buyers out of the market.
If banks optimize by restricting credit to risky borrowers, these failures can be partially avoided.
Instead, they are trying to control inflation by raising interest rates and restricting credit.
Reducing speculation by restricting credit now would help Mr. Greenspan avoid larger and quite painful rate increases in the future.
But with banks restricting credit across most of Eastern Europe, the European Commission is now, for the first time, allowing advance payments for infrastructure and other projects.
And, he said, it omitted many provisions that members of Congress have included in their bills, such as restricting credit card marketing to college students.
Similar(46)
This proves that a small country like ours can take on a big nation and win". The ambassador says that the U.S. ban on Internet gaming, most recently through laws restricting credit-card payments, has undermined the island nation's nascent industry, which it sees as a good substitute to tourism, which is too risky as it depends on the weather in general and hurricanes in particular.
Several studies have shown that borrower-friendly laws lead to more restricted credit.
That makes it all the more ominous that banks are expecting to restrict credit still further.
In an attempt to temper demand, the Government restricted credit this week.
Credit card lenders are facing new rules that the industry claims will restrict credit just when consumers need it most.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com