Buy These 2 Consumer Loan Stocks Despite Industry Challenges

The Zacks Consumer Loans industry continues to witness weakening asset quality. The industry also bears the brunt of inflation, relatively higher rates and a challenging macroeconomic backdrop. Though the Federal Reserve plans to cut rates as soon as September, consumers understand that high interest rates are here to stay for some time, and demand for the loans is likely to witness modest improvement. Yet, easing lending standards, stabilizing consumer sentiments and digitizing operations will support cons ...