The bar Americans have to clear to get approved for loans and credit cards will likely rise along with interest rates, partly as a result of the fallout from the collapse of Silicon Valley Bank.
The Federal Reserve is expected to raise rates again Wednesday, though some economists say it could hit pause this month or in coming months. Regardless, recent troubles across the banking industry, caused in part by higher rates, will lead banks to toughen lending standards, financial analysts and advisers say.
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