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Mission Asset Fund seeks to help the most economically disempowered, monitoring its lending groups and vetting applications to help prevent non-payments.
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Wonga has also been told it must appoint a "skilled person" to monitor its lending decisions and report back to the FCA.
As part of the redress, Wonga has also agreed to appoint a skilled person to monitor its new lending decision platform and report to the FCA to provide an independent view of its activities.
Reportedly one firm, Morgan Stanley, is monitoring its own CDS spreads to assess the market's perception of its corporate health; if they rise too high, it intends to cut back its lending.
Jeppson monitored its circuits.
It should monitor the lending behaviour of banks to prevent imprudent gambling with deposits that are guaranteed by the taxpayer.
It does not scrutinize its lending.
It has also tightened its lending criteria.
John F. Dix President Business Development Index Columbus, Ohio, Dec. 21, 2008 To the Editor: When one of President Bush's economic advisers says that the administration did the best it could "with the information we had at the time," the statement indicates that the government would have done things differently, for example, monitor easy lending practices, if it had had more knowledge.
G.E. subsequently ramped up its lending business.
The agency was too aggressive with its lending.
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CEO of Professional Science Editing for Scientists @ prosciediting.com