As financial uncertainty persists amid the pandemic, banks have become more strict about lending. According to the latest report from the Federal Reserve Bank of St. Louis, 38.5% of U.S. banks have clamped down on lending standards in the second quarter of 2020. This response, which also occurred during the 2008 financial crisis, has made it tougher to qualify for loans or credit cards. But a ne

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As financial uncertainty persists amid the pandemic, banks have become more strict about lending. According to the latest report from the Federal Reserve Bank of St. Louis, 38.5% of U.S. banks have clamped down on lending standards in the second quarter of 2020. 

This response, which also occurred during the 2008 financial crisis, has made it tougher to qualify for loans or credit cards. But a ne

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