Lending Is Failing To Live Up To 2018’s Great Expectations
PYMNTS
AUGUST 28, 2018
Crediting lower taxes, thanks to the end of the year tax reform bill passed by Congress, regional bank executives saw a sudden and notable pick up in both commercial loan demand and a big jump in spending on credit and debit cards. The tax cut had done what it was intended to do: boost economic activity. As of early 2018, U.S.
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