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Affiliated Industry Association News

Small Business: Virginia Small Business Commission Stays on the Sidelines on Credit Reporting Regulations

The Virginia Small Business Commission made no recommendation about whether to support or oppose House Bill 2198, which would affect commercial credit reports in the commonwealth.  It did, however, urge both parties in favor of and against the bill to work together to find common ground to address a perceived problem regarding the rights of the subject of a commercial ... Read More »

EU Public Sector Information (PSI) Directive Paves the Way for Approach on Cost of Re-use of PSI Data

The European Parliament finally adopted the review of the PSI directive on 12 June, which paves the way for a better approach on the cost of re-use of public sector information. The electronic communications and digital market are also under the spotlight with Commissioner Kroes’ will to foster a true Digital Single Market for telecoms in Europe and with related ... Read More »

NACM Releases Commercial Credit Reporting Fact Sheet

In support of National Small Business Week, the National Association of Credit Management (NACM) released a fact sheet today offering the nation’s small businesses a quick reference document on commercial credit reporting.  The free fact sheet, titled “Commercial Credit Reporting: What Every Company Needs to Know,” provides the smallest of the nation’s firms with the information they need to be able to ... Read More »

Credit Insurance Rebounds as Companies Seek To Lay Off Risk in Uncertain Times

‘In times of increasing insolvencies, more companies value trade credit insurance as effective management and risk control tools’ ‘Pre-qualification vetting of contractors reduces project disruptions and saves costs for surety bond beneficiaries’ Trade credit insurance insured exposure increased by 4.4% to € 1.92 trillion (2011: € 1.84 trillion) Premium increased by 3% to € 6.14 billion (2011: € 5.96 billion) ... Read More »

UK Consumers Think Social Media Crucial for SMEs

Four in ten (40 per cent) British consumers believe it’s ”crucial” that small businesses maintain a social media presence, according to new research.   A survey from Fasthosts Interned Ltd has found that most British consumers expect smaller companies to provide support and advice to their customers through online channels.  The web hosting firm surveyed over 2000 UK consumers to ... Read More »

The Quote of the Week: Customers are getting smarter …

“Change continues to accelerate.  We’re living today in a wired world.  Customers are getting smarter and they have those tools in their toolbox.  This new world is a world where choice happens instantly. It’s a world where prices are transparent.” Terry Jones, founder of Travelocity and author of On Innovation, at the recent 117th Annual Credit Congress of the National ... Read More »

Berne Union and IFC Agree to scale up collaboration to boost global trade and investment

Washington, D.C./London, May 22, 2013—At a recent meeting in Washington, D.C., the Berne Union and IFC, a member of the World Bank Group, agreed to scale up their collaboration to address the challenging environment for global trade and investment, in a coordinated effort to create new solutions and address shortfalls in financing faced by emerging market borrowers. Amid continued market ... Read More »

Credit Managers’ Index for April 2013 Posts Significant Decline

The National Association of Credit Management’s CMI for April 2013 for April 2013 reports less than optimistic conditions, including more companies feeling the stress of the slow economy and failing to meet payment terms. The release will illustrate that the Credit Managers’ Index (CMI) for April fell to levels not seen in over a year. Though still expected to be in expansion ... Read More »

Record Amount of Trade Credit Insured By Berne Union Members

LONDON, 30 April 2013.  Members of the Berne Union – International Union of Credit & Investment Insurers – saw the value of credit and investment insured in 2012 grow by 2.4 per cent, reaching in excess of US$ 1.8 trillion. This matches the 2.4 per cent growth in exports for 2012 according to the United Nations Statistics Division. Collectively, Berne ... Read More »

EU Regulations on Data Protection and Public Sector Information

The debate on data protection remains tough and very sensitive, and the EP LIBE Committee has decided to postpone the initial exchange of views on the amendments which was forecast for 24 April in order to let the shadows have more time to discuss compromise amendments. The Public Sector Information issue might finally come to an end at institutional level, ... Read More »