Regulatory And Economic Uncertainties Muddy The Growth Forecast For US Finance Companies
The financial performance of U.S. finance companies should continue improving at a slow but steady pace this year, as it did in 2011–if they sidestep some key risks, says Standard & Poor’s. U.S. finance companies face several key risks in 2012, including the impact of new consumer protection regulations and the potential that a eurozone crisis [...]

The financial performance of U.S. finance companies should continue improving at a slow but steady pace this year, as it did in 2011–if they sidestep some key risks, says Standard & Poor’s.

U.S. finance companies face several key risks in 2012, including the impact of new consumer protection regulations and the potential that a eurozone crisis or double-dip recession in the U.S. could hurt funding and lending conditions.

S&P forecasts strong growth for money transfer companies such as MoneyGram International and The Western Union Co., while payday lenders and check cashing firms could be slowed by increased regulation.

As the scope and power of regulators in the financial industry continue to expand, more and more financial companies are gearing up for eventual or further regulation. Therefore, with the risk of a eurozone crisis and potential double-dip U.S. recession looming, the waters could be choppy for U.S. financial companies this year.” Nonetheless, we think most will be able to navigate these challenges and continue on their generally positive trajectory.”

For details see the full report For U.S. Finance Companies, Regulatory And Economic Uncertainties Muddy The Growth Forecast.

Technorati Tags: finance companies, Moneygram International, The Western Union Company

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