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Affiliated Industry Association News

SME Access to Finance in the USA: Small Business Lending Fund Successful but Future Uncertain

The U.S. Treasury reported this week that the Small Business Lending Fund (SBLF) seems to have done its job. Institutions involved with the program significantly increased their lending to small businesses by $3.5 billion over a $35.9 billion baseline, which describes the average lending reported in the four quarters before the program began. Enacted in 2010 as part of the ... Read More »

ALACRED (Asociación Latinoamericana de Burós de Crédito)

En 27 de agosto de 2004 se reunieron en la ciudad de Panamá los representantes de los miembros fundadores de la ALACRED ( Asociación Latinoamericana de Burós de Crédito), que fue oficialmente creada el 29 de noviembre de 2004. ALACRED es una entidad sin ánimo de lucro, que congrega empresas y entidades que administran burós de crédito en los países ... Read More »

Economy, Politics, Poor Credit Climate are Credit Professionals’ Top 2012 Concerns

Credit professionals still consider the economy to be their biggest concern for the coming year, according to an annual survey conducted by NACM. For the third straight year, when asked “Looking forward to 2012, as a credit professional, what are your biggest concerns?” the largest percentage (26.7%) of the nearly 1,000 participants chose “lingering uncertainties about the still-sluggish economic recovery.” ... Read More »

Ten Years on, China Still Dragging Its Feet on WTO Compliance

China celebrated the tenth anniversary of its accession to the World Trade Organization (WTO) recently, however a report from the U.S. Trade Representative (USTR) finds that even after a decade, the booming Asian giant is still falling short on its compliance goals. While China has taken many impressive steps to implement trade reforms since 2001, the USTR described the overall ... Read More »

Envelope Manufacturers Association Discusses Global Address System

In late October 2011 the Envelope Manufacturers Association held a truly unprecedented and seminal event. Three inventors of geocode systems presented their systems for the audience to compare and contrast: Richard Abas of Geotude, Malaysia; Dr. Xinhang Shen of NACGeo, Toronto , Canada, and Alex Pigot of GoCode, Ireland. These are distinctive systems with individual strengths and shortcomings. The complexity ... Read More »

ACCIS 2012 Annual General Assembly Meeting and Conference

ACCIS 2012 Annual General Assembly Meeting and Conference will be held in Reykjavik (Iceland) from 13-15 June 2012 The theme of our 2012 Conference will be “The New Landscape for Consumer Credit Reporting after the Crisis”.   Over two days members will discuss how the industry has adapted to the new environment, and what impact new regulatory initiatives are having or will ... Read More »

How to Assess and Manage Credit in China

As part of its “Doing Business In” series the recent credit management conference of FCIB (Vienna October 2011) featured a presentation by Dr. Stanki Yuen of the Hong Kong based International Risk Management Consultancy.    The presentation examined the cultural and legal aspects of extending and managing credit in China, how to get access to company financials and how to collect ... Read More »

US Bankruptcies Likely to Increase

US Bankruptcies Likely to Increase Though quieter and less market-riling than a move weeks ago by Standard & Poor’s to downgrade the United States’ sovereign credit rating on debt and global economic slowdown concerns, another firm has issued a sort of cut as well to the Americans. The U.S.A., along with economic powerhouses Germany and France, were among six stripped ... Read More »

ICTF & THE THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT PARTNER TO OFFER WORLD-CLASS EXECUTIVE EDUCATION

Baltimore, MD – The leading association of International Credit and Trade Finance Professionals, ICTF has partnered with Thunderbird Online, a professional development division of Thunderbird School of Global Management, ranked #1 in the world for international business, to deliver two new online courses and an executive certificate that will advance the field of international credit management worldwide.   To read more click ... Read More »

Tim Lane Joins ICTF as Membership Director – ICTF Europe

ICTF announced that Tim Lane has joined ICTF as Membership Director – ICTF Europe.   Tim has enjoyed a long career in international business, credit management, treasury and financial services, embracing major companies within the banking, construction equipment, business association and credit insurance broking industries. Following a nine-year career with FCIB Europe, most recently Tim served as the Regional Director ... Read More »

Malaysia Adopts Personal Data Protection Act

Malaysia has adopted the Personal Data Protection Act 2010, which regulates the processing of personal data concerning individuals. While this sounds like the European Data Protection Directive, the Malaysian data protection act only applies to personal data which is involved in commercial transactions. The act will not come into force until the responsible Minister inserts a notification in the official ... Read More »

Credit Information: What does ‘Freshly Investigated Credit Reports Mean’?

On June 13, 2011 BIIA posted a story “Customers Turn Competitors” discussing the offering of ‘freshly investigated credit reports’ by credit management associations.  The story was prompted by a discussion within BIIA what ‘freshly investigated credit reports’ means in terms of in-date rules.  For instance are credit management associations producing these reports; or only act as distributors and whether the ... Read More »

Credit Information: Customers Turn Competitors

David Worlock, Co-Chair, Outsell Leadership Programs; Founder of Electronic Publishing and Chairman of BIIA said some time ago:  “One of the oldest maxims of electronic publishing is that customers are the next competitors” This is precisely what is going on in commercial credit information:  Two industry associations are competing with each other in offering what they call ‘freshly investigated’ credit ... Read More »