Money

More Americans rejected for loans just as they may be feeling tapped out, Fed survey shows

Medora Lee, USA TODAYComments Off on More Americans rejected for loans just as they may be feeling tapped out, Fed survey shows

The rejection rate for Americans looking for a loan hits a 5-year high, Fed data show. Banks are turning cautious as rates rise and the economy slows.

     
Medora Lee, USA TODAY
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