In 1993, Mr. Appezzato helped come up with the pitch line "less than perfect credit," a phrase he said was meant to refer to people whose credit was only slightly problematic.
The association shares the World Bank's mission of reducing poverty and aims to provide affordable development financing to countries whose credit risk is so prohibitive that they cannot afford to borrow commercially or from the Bank's other programs.
As for the World Bank, the commission would justifiably eliminate lending to countries whose credit ratings permit them to tap private capital markets.
Fox's high-profile Brothers forms an interesting case study, reworking material that flopped the first time around: Gavin O'Connor's Warrior, that 2011 mix of mythology and mixed martial arts that sought to provide rock 'em-sock 'em entertainment to crowds whose credit had been crunched.
Such loans, made to people whose credit is just above subprime, usually do not require borrowers to provide proof of savings or incomes.
"More intensive competition" for that business opened the doors for lower rate quotes to borrowers whose credit profiles would normally have been charged more, he said.
Industry officials say, however, that subprime lenders can provide a valuable service to consumers whose credit records otherwise disqualify them for conventional loans.
Sallie Mae, the big student loan originator and servicer, warned last month that it would stop lending to students whose credit standing was sketchy or subprime.
One possible outcome is that others will be given the Nationally Recognized Statistical Rating Organizations designation; another is that the designation could be eliminated entirely, leaving the market to decide whose credit analyses are good and whose are not.
MS. REMACHE later obtained two loans totaling $20,000 from Acción New York, a nonprofit organization that focuses on immigrants and provides business loans of $500 to $50,000 to people whose credit histories, or lack thereof, prompt rejections by banks.
Consumers interested in the card, which will carry a MasterCard logo, will have to wait to see if Capital One is interested in them: the company said it is offering the card only through direct mailings to people whose credit histories qualify them for it.
