For Lending

by Chris A Smith Banks that issue credit cards are watching their default rates go through the roof and that’s really bad news considering a proposed change in the Financial Accounting Standard. The new rule could force the banks to increase their cash reserves to cover bad loans leaving less money available for loans to small business and consumers. So how does this impact the consumer? First of all, if you are behind on your credit card payments and you can’t see a way to catch

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