July demand dips for gov’t consumer credit program
JEANNINE AVERSA AP Economics Writer= WASHINGTON (AP) â?? Investors have requested $5.4 billion worth of loans in a government program intended to spur lending to consumers and small businesses at lower rates. The tally for July is down from $11.5 billion worth of loans requested last month. Investors use the money to buy newly issued securities backed by, among other things, auto and student loans, credit cards, business equipment and loans guaranteed by the Small Business Administration. 24 hours…
from WN.com – World News
