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Affiliated Industry Association News

US Country Risk Climate: Trade Deficit Worsens Fast

It was not long ago that the United States was boasting of its improved trade deficit, but those days are gone and unlikely to make a comeback anytime soon. The whole issue of a trade deficit can be tricky to grasp, as a wide deficit between what one sells and buys may not be a bad thing, just as having ... Read More »

Trade Credit Insurance in Asia Seen as Top Area for Growth

Asia seen as top area for growth by trade credit insurance industry Asian members of the International Credit Insurance & Surety Association (ICISA), recently met in Hong Kong to discuss current market trends and the outlook for the industry in Asia. Richard Wulff, Group General Manager Credit & Surety at QBE and Chair of the Asia Committee: ”Members of ICISA see ... Read More »

US Credit Bureaus Launch National Consumer Assistance Plan

Equifax, Experian and TransUnion Launch National Consumer Assistance Plan to Enhance Credit Report Accuracy, Consumer Experience Equifax, Experian and TransUnion announced a National Consumer Assistance Plan that will enhance their ability to collect complete and accurate consumer information and will provide consumers more transparency and a better experience interacting with credit bureaus about their credit reports. The plan was announced ... Read More »

Credit Managers’ Index Decline in February Surprises

The National Association of Credit Management’s Credit Managers’ Index dropped significantly this month, an unexpected decrease considering where projections were a few months ago. “That is a nasty drop and at no point in the last year has it been that low,” said Chris Kuehl, NACM economist and cofounder of Armada Corporate Intelligence. “The reduction in the overall score was ... Read More »

LendIt China: July 7-14, 2015

A 7-day-tour through Beijing and Shanghai LendIt will return to China in 2015, however this time we are organizing a 7-day tour through Beijing and Shanghai to meet the top P2P internet finance companies, institutional investors, and Chinese government officials. We will arrange company visits, host dinner parties, arrange private meetings, and co-host two major conferences, one in Beijing and one ... Read More »

Bitcoin Exchange Suspension Unlikely to Derail Growth of Digital Currencies

London-based Bitstamp, the second largest exchange for alternative currency Bitcoin, suspended services following a hack that accounted for more than $5 million in losses. Nobody said the rise of digital currency would be a smooth ride.  Proof of that came again this week as one of the oldest, relatively speaking, Bitcoin currency exchanges went offline following a hacking incident. But ... Read More »

The Consumer Financial Protection Bureau (CFPB) Is Clear: You Can’t Outsource Responsibility

Federal regulators have demonstrated through recent regulatory guidance and enforcement actions that financial institutions are responsible for managing third party service providers’ activities. Recently, Peggy Twohig, the CFPB’s Assistant Director for Nonbank Supervision, went a step further, indicating that if a service provider is not meeting regulator expectations, a financial institution should renegotiate or even sever the relationship. This means ... Read More »

Challenges of the new Korean Address System

Korea announced the “Launch” of its new Address System nearly one year ago, and the public has had a bit of a challenge getting used to it.  Smaller businesses who deliver to home residences, such as food stalls, have had to remember their customers’ ‘old’ addresses and learn the ‘new’ ones.  This has made business a challenge. The conversion has ... Read More »

Z-Score Creator Predicts Bank-Based Credit Bubble, Impact on Trade Creditors

A market bubble appears to be forming in bank- and financial institution-based credit that could trigger a spike in bankruptcy filings within the next couple of years, according to Ed Altman, PhD, inventor of the famed bankruptcy prediction Z-Score model and instructor at the upcoming summer session of NACM’s Graduate School of Credit and Financial Management (GSCFM).  That is likely ... Read More »

30th Anniversary SCIP International Conference & Exhibition 

May 11 – 14, 2015, Atlanta Marriott Marquis, Atlanta, Georgia Exploring Innovative Intelligence GAME CHANGERS are… IDEAS, PEOPLE, PRODUCTS, SOCIAL ISSUES, and entire INDUSTRIES. Competitive and Integrated Intelligence professionals from diverse business segments seek to actively provide insights and lay the path for innovative decision-making to steer companies toward future prosperity and ingenuity within their industries. SCIP GAME CHANGERS include ... Read More »

LendIt – Conference Series for the Online Lending Community

About LendIt LendIt is the largest conference series dedicated to connecting the global online lending community. LendIt hosts three conferences per year in the USA, Europe, and China. LendIt USA is the industry’s annual flagship conference and brings together every major online lending platform from around the world. LendIt Europe and LendIt China are regional conferences that allow attendees to ... Read More »

FECMA Pan-European Credit Management Congress

Brussels, Belgium-  May 20 – 21, 2015 For Details contact FECMA   About:  FECMA – the Federation of European Credit Management Associations was founded in 1986 by Sir Roger Cork, who lately served as Lord Mayor of London from 1996-97. FECMA is a not-for-profit organisation, consisting of members who are all national credit management associations. FECMA vision is to promote ... Read More »

2015 SCIP China Summit

2015 March 29 – 30 Shanghai, China, Mingde Grand Hotel, Shanghai, China  Please click HERE to submit a proposal for the 2015 SCIP/CICI China Summit The theme of the Summit is Leadership-Moving Forward and will provide an international platform for the presentation, discussion and debate of diverse and professional approaches and research on recent developments in competitive intelligence and knowledge management. The ... Read More »

USA Country Risk Climate: Late Business Payments Rising Again

Payment habits for US businesses worsened in the third quarter, but the performance differed markedly between various industries, according to a report unveiled this week by global trade credit insurer Euler Hermes. Euler Hermes’ latest “Economic Insight” showed a 2% increase in the average dollar amount of past due payments to US businesses through the first three quarters of 2014, ... Read More »