You may not see it on the front
pages of your newspaper, but close examination will reveal an extreme
unease from banking regulators about the current trajectory on Wall
Street.
The Office of the Comptroller of the Currency (OCC), not typically seen as a strident regulator, is warning about risky lending as low interest rates drive a reach for higher yields. Both the OCC and the Federal Reserve have decried the slippage in underwriting standards on particular loan products. Fed Chair Janet Yellen cited “pockets of increased risk-taking” in a speech yesterday. And the Bank for International Settlements (BIS), a consortium of the world’s central banks, cautioned this week about asset bubbles forming throughout the global economy.
1 comment:
Today's economy is a little shaky and lending do come with a slight amount of risk. You should be open to that. Another issue to be addressed is finding the right lender. Make a thorough study of the charges and interest levied by the firm. It is important to know this thoroughly as you do not want to be surprised by sudden costs later on. But you will definitely understand that online short term loans is the financial option you need.
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