Lower share of banks willing to lend curbs retail sales

FEWER FINANCIAL INSTITUTIONS report a willingness to lend to consumers or offer credit cards, signaling a potential threat to consumer spending and retail-sales growth. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS
FEWER FINANCIAL INSTITUTIONS report a willingness to lend to consumers or offer credit cards, signaling a potential threat to consumer spending and retail-sales growth. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS
NEW YORK - The share of banks more willing to lend to consumers has been declining, a trend that threatens retail-sales growth. The net percentage of financial institutions reporting increased willingness to make installment loans, which include credit cards, has averaged 15.4 percent in three surveys of senior loan officers released this year by the…

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