The subprime mortgage meltdown is putting a strain on other types of lending for consumers and businesses, according to Donald C. Lampe, a banking and financial services attorney with Womble Carlyle Sandridge & Rice in Charlotte, N.C. He is scheduled to present a program on the topic for the Association of Corporate Counsel Georgia chapter from 11:30 a.m. to 1:30 p.m. Tuesday at Maggiano’s Little Italy at Cumberland Mall.
“What you are seeing is a tightening of credit standards across other types of lending,” Lampe said. “Banks are taking a harder look at underwriting standards for all kinds of credit products. Student loans are harder to get. Automobile loans are affected. The financial institutions do not want to be caught short.”
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