credit

US Eases New Banking Rule On Reporting Bad Loans

US Eases New Banking Rule On Reporting Bad Loans
US Eases New Banking Rule On Reporting Bad Loans
March 30, 2020  |  Banking

Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the...

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Lenders Tighten Reins On Loans, Credit For SMBs, Households
Lenders Tighten Reins On Loans, Credit For SMBs, Households
March 29, 2020  |  Coronavirus

As a potential recession lurks, FinTechs, traditional banks and other financial institutions (FIs) are tightening the reins on loans to small businesses and households with...

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Fed To Offer Credit Help To Stem Economic Losses For Business, Households
Fed To Offer Credit Help To Stem Economic Losses For Business, Households
March 23, 2020  |  Coronavirus

The U.S. Federal Reserve said on Monday (March 23) that it would support a large range of credit for not only households, but big employers...

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Big Firms Draw Down Billion Dollar Credit Lines
Big Firms Draw Down Billion Dollar Credit Lines
March 17, 2020  |  Economy

In the world of credit, in the scramble to shore up at least some financial stability by filling corporate coffers for the deluge of rainy...

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Mastercard: The Impact Of Pay On Demand On Africa’s Smartphone Future
Mastercard: The Impact Of Pay On Demand On Africa’s Smartphone Future
March 16, 2020  |  Merchant Innovation

Inclusion is a laudable goal — bringing the 1.7 billion unbanked and underbanked people worldwide into the global digital marketplace is a nearly uncontested good....

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Rethinking The SME Loan Underwriting Model In Southeast Asia
Rethinking The SME Loan Underwriting Model In Southeast Asia
March 10, 2020  |  B2B Payments

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly...

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Wells Fargo Gives Apple Pay Users $5 At ATMs
Wells Fargo Gives Apple Pay Users $5 At ATMs
March 05, 2020  |  Apple Pay

Wells Fargo customers who use the Apple Pay card at its ATMs will get a $5 bonus, reports indicated on Thursday (March 5). Get the...

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Mastercard’s Incoming CEO’s Take On The Future Of Payments
Mastercard’s Incoming CEO’s Take On The Future Of Payments
February 26, 2020  |  Mastercard

A big change is coming to Mastercard, which will soon be marking the end of an era as its longtime CEO Ajay Banga departs from...

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Intuit Reportedly Set To Spend $7B To Buy Credit Karma
Intuit Reportedly Set To Spend $7B To Buy Credit Karma
February 23, 2020  |  Partnerships / Acquisitions

Intuit is close to finishing a deal to buy personal finance portal Credit Karma for around $7 billion in both cash and stock, according to The...

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