Faculty News
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Prof. Lawrence White on the increased availability of credit for consumers and decrease in payment delinquencies
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![Marketplace Logo Marketplace Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/marketplace_logo.jpg?h=cd55d432&itok=0VEMzyEN)
Excerpt from Marketplace -- "Lawrence J. White teaches economics at the NYU Stern School of Business. He says it makes sense for banks to loosen up credit right now for the less-than-perfect consumer: 'Because the economy is better, he or she is more likely to stay employed and be in a position where he or she can repay.' And White says consumers have learned not to live beyond their means; they don’t want to slide back to where they were during the Great Recession, and are using credit more wisely."
Faculty News
—
![Marketplace Logo Marketplace Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/marketplace_logo.jpg?h=cd55d432&itok=0VEMzyEN)
Excerpt from Marketplace -- "Lawrence J. White teaches economics at the NYU Stern School of Business. He says it makes sense for banks to loosen up credit right now for the less-than-perfect consumer: 'Because the economy is better, he or she is more likely to stay employed and be in a position where he or she can repay.' And White says consumers have learned not to live beyond their means; they don’t want to slide back to where they were during the Great Recession, and are using credit more wisely."