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Loan rejection rates on the rise, New York Fed says

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More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.

#news #finance #bank

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Category
News and politics
Tags
Federal Reserve, credit cards, Auto Industry

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