Subscribe to Our Weekly Newsletter
ISS is the most comprehensive source for self-storage news, feature stories, videos and more.
To spur consumer lending, the Federal Reserve will lend up to $200 billion for autos, education, credit cards and more. The program, dubbed the Term Asset-Backed Securities Loan Facility, was first announced late last year and originally scheduled to start in February.
March 3, 2009
1 Min Read
Some Americans may find getting credit for a business or car a little easier as the Federal Reserve launches a program aimed at boosting the availability of credit to consumers and small businesses.
To spur consumer lending, the Federal Reserve will lend up to $200 billion for autos, education, credit cards and more. The program, dubbed the Term Asset-Backed Securities Loan Facility, was first announced late last year and originally scheduled to start in February.
Participants must request loans by March 17. The program has the potential to generate up to $1 trillion of lending for businesses and households.
Source: USA Today.com, Fed Launches $200B Consumer Credit Program
Related Articles:
You May Also Like
Self-Storage TV
Apr 17 - May 17, 2024
Apr 17 - May 17, 2024
NEW PODCAST! In this latest episode of “Sounds of Storage,” we talk with StoragePug's Tommy Nguyen about grassroots marketing, including what it entails for self-storage operators, why it’s making a “comeback,” and how to do it effectively.
LISTEN NOW