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by CareyBot

Few bank risk managers expect credit standards will be relaxed this year, and nearly half see room for further tightening, according to a quarterly survey conducted for FICO by the Professional Risk Managers' International Association (PRMIA).The survey showed bankers aren't as pessimistic as they were during the first quarter, but suggested that consumer credit will fall short of demand for the rest of the year.Andrew Jennings, chief research officer at FICO, noted that government data released in August showed personal bankruptcies at their highest levels in five years, and that other data demonstrates "ongoing challenges" in housing and employment."This type of economic environment makes it difficult for lenders to open up the flow of credit without taking on significant ...