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Amidst a Weak Economy, Banks Are Tightening Underwriting and Regulations
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Amidst a Weak Economy, Banks Are Tightening Underwriting and Regulations
Despite increasing interest rates and credit balances, banks are facing a more challenging business environment today. That’s because late payments and defaults are also increasing, and unfortunately, that’s happening at an even faster pace compared to previous years. Our weak economy is also impacting consumers and small businesses as well. Since they don’t have the massive war chests and easy access to credit that banks and Fortune 500 compa…
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