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Top 2024 macro-credit risks

Future CFO

Top 2024 macro-credit risks include tight liquidity and funding conditions, uncertainty about China’s macroeconomic outlook and property sector, and geopolitical event risk, said Fitch Ratin gs recently. The post Top 2024 macro-credit risks appeared first on FutureCFO.

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Can Alternative Data Move The Dial For Financial Inclusion?

PYMNTS

The basic elements of standard consumer credit scoring are well-known: tradeline information like loan balances or credit limits, debt repayment history, and account statuses, as well as information from public records relating to bankruptcies and small claims. They just don’t have a credit history yet.”.

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OCC Defines Top Threats To Banks This Season

PYMNTS

Treasury’s Office of the Comptroller of the Currency found that underwriting standards have eased thanks to an increased appetite for credit risk, increased competition and an overall perception of improved economic circumstances. Commercial real estate (CRE) loans, however, continued to strengthen. Amid these fluctuations, the U.S.

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CFPB Opens Floodgates For Online Marketplace Lender Complaints

PYMNTS

The bureau also released a bulletin about the marketplace lending industry and provided tips for consumers who are looking for alternative financing options. The CFPB has officially opened up its online forum for accepting consumer complaints geared at those who have experienced issues from online marketplace lenders.

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Canadian Regulator On Innovation’s Slow Roll

PYMNTS

In an interview this past week with PYMNTS, Leila Wright, associate deputy commissioner of the competition promotion branch, said the reaction among stakeholders in finance, from banks to FinTech, has generally been positive. “A In the case of the former, there’s obviously a lot more risk to the individual and to the financial system.

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2016 Words Of Wisdom: The CEO Edition

PYMNTS

Mike Cook, CEO and founder of XOR Data Exchange, explained how his company used data aggregation to manage SMB credit risk, fight fraud and put consumers back in control of their identity. A lot of people define financial inclusion as connectivity into the financial system.

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Biden’s Treasury Pick Yellen Leary Of Crypto

PYMNTS

Janet Yellen, President Joe Biden's nominee for Treasury Secretary, is expected to take a hard stance on cryptocurrencies, calling digital currency a “particular concern” that is used “mainly for illicit financing,” Arstechnica and other news outlets reported on Thursday (Jan. These are very real risks.”.

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