"It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause." -- James Grant, author- ‘Money of the Mind’. Over the past couple of decades, competition among lenders has been fierce and this only seems to be increasing with every passing day. In order to retain existing customers and acquire new read more...
Australia has recently introduced a new form of consumer credit reporting known as ‘Comprehensive Credit Reporting (CCR)’. This form of reporting allows credit providers such as banks and other lenders to share positive information about consumers through a credit bureau. Pricing based on credit worthiness is commonplace in mature markets such as the US and UK, read more...
