Consumer lending plan falters
April 23, 2009 | Washington Post, industry | Comments (0)Ever hear of the TALF? From today’s Washington Post:
Officials envisioned TALF supporting tens of billions of dollars a month in new lending, saying it could eventually total $1 trillion. But in March, when it was launched, it backed only $4.7 billion in auto loans and credit cards. For April, it logged only $1.7 billion.
Payday loans may be the only lending model working right now.
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