Remove tag borrowing
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Banks mull common framework on hearing borrowers before fraud tag

CFO News

It will detail the process of approaching borrowers, the documents to be submitted and reports to be given to them, along with timelines and the course of action. A committee will be set up soon to draw up the framework, said the people cited above.

Banking 52
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SC verdict on banking frauds opens a window for tagged borrowers to seek case review

CFO News

The Court's ruling does not debar banks from declaring accounts as fraud but it means that borrowers must be given an opportunity to be heard before their accounts are classified as such.

Banking 52
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Banks reject proposal by corporates to club 'fraud' A/Cs & 'wilful defaulters'

CFO News

Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'.

Banking 52
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SMBs Explore Financing Options For Their Digital Transformations

PYMNTS

Borrowers don’t always have a consistent experience in their hunt for financing, either. But the price tag is rarely painless. Access to capital for small- to medium-sized businesses ( SMBs ) has always been vital, as well as a challenge. Financing Modernization.

Finance 67
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Analyst: Apple Card Acquisition Costs Estimated At $350 Per Cardholder

PYMNTS

Nomura estimates a price tag of $350 per consumer in terms of acquisition costs, which means breakeven is several years away. Goldman, for its part, may see impact from loan losses should the economy falter, according to Nomura on CNBC.

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LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions

PYMNTS

At the upper edge of the spectrum, students can be looking at a ~$330,000 total price tag for an education at an elite private college. And with price tags that large, there is going to be a generation of students who are by necessity going to be seeking private student loans. There are currently 13,000 community banks in the U.S.,

Banking 40
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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

Speaking of which… Try To Help Student Loan Borrowers — End Up Paying A Few Extra Billion. Some good news for student loan borrowers has turned out to be a bit more expensive than expected for the federal government. Of that amount, $108 billion will forgiven by the government when the borrowers meet their end of the deal.