Fewer banks tightened lending standards last quarter, Federal Reserve says

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payday9The Los Angeles Times has reported some good news recently.  There has been a decline in the banks that are tightening their lending standards for people and companies that are looking to get a loan.  However, a payday loan online still remains one of the best deals that you can get.
In the second quarter the number of people looking to get loans at smaller banks declined. The need for home mortgages rose during the same period according to the Central bank.

All these factors have helped to explain why tight credit remains what the experts call a drag on the economy. The concern among these experts is that for a full recovery to take place, financial institutions must start loosening their belts and make it as easy for consumers to get a loan from a bank as a cash advance from the Internet is now.

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