Regulation of Credit and Shadow Banks Flashcards
1
Q
Attempt by industry to regulate itself debuts Monday as three of the largest providers of small-business loans unveil a ______ to exhibit the _______ of their credits.
A
Standardized way
cost
2
Q
What is the name of the trade group organized by OnDeck, Kabbage, and CAN?
A
Innovative Lending Platform Association
3
Q
What is the Innovative Lending Platform Association proposing to do in terms of regulating the industry?
A
They plan on adding a new disclosure box that will display a small-business loan’s pricing in terms of annual percentage rates, total dollars to be repaid and other metrics.
