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Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles Outlook bleak for consumer financeE-mail - editor@economyincisis.org |
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Source Yahoo Finance The outlook in consumer finance is bleak, Moody's Investors Service said in a report Tuesday, as the economy has likely slipped into recession and lenders struggle with bad credit. Consumer finance companies -- credit-card lenders, auto lenders and student lenders -- likely face a "relatively mild recession" the first half of this year, Moody's said. Lenders also face the risk the economy may suffer more severely than expected, Moody's said. A recovery depends on the stabilization of financial markets, a rebound in housing and the direction of energy prices, Moody's said.Click here to contact your Representative in Congress. Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles
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