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How Commercial Bankers Discovered Consumer Credit: The Federal Housing Administration and Personal Loan Departments, 1934–1938

Louis Hyman

in Debtor Nation: The History of America in Red Ink

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140681
eISBN:
9781400838400
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140681.003.0004
Subject:
History, American History: 20th Century

This chapter focuses on personal loan departments. On May 4, 1928, National City Bank opened the nation's first personal loan department. Curiously, despite the popularity of the department and ... More


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