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I'll also talk about how federal and state governments might encourage loan programs like this.
The broad outlines of his plans to encourage loan consolidation and assist people who are struggling financially are reasonably clear.
In fact, our standards go beyond the Education Department's own policies to actively encourage loan service providers to get students back into successful repayment.
Banks are taking on riskier loans as fierce competition and the drive to increase earnings encourage loan officers into relaxing standards, a government report said today.
Microfinance, though it's much praised by Rosenberg for deploying peer pressure to encourage loan repayments by poor borrowers, and thereby establishing a lending market where none previously existed, is now under heated attack in Asia and Latin America.
Borrowers may also contribute to the trend, because they are often desperate enough to encourage loan officers to help them exaggerate facts on their applications and stretch for a loan for which they may not otherwise qualify.
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The meeting is intended to increase understanding between the cultures and to encourage loans.
(c) which related to standards requiring diversified pools, including establishment of minimum criteria for pools of qualified loans, provisions to encourage loans to small farms and family farmers, and requirements for congressional review of standards.
Cable said the choice was between "a permanent role for the state in banking" or instead moving to "sell off the state-owned banks and promoting competition" and trying to encourage loans to cash-strapped small businesses using market forces instead.
Samir Rohatgi, a vice president at MindBox, said that old system of manual underwriting actually encouraged loan officers working on commission to grant bad loans.
Recently — and, I'd argue, fortunately — the Obama administration seems to have become more open to the idea of encouraging loan forgiveness in certain situations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com