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The housing crisis and the financial downturn that followed, have profoundly altered the consumer lending landscape. According to the firm Deloitte, one change that may be underappreciated is an important customer segment that could have powerful implications for lenders - the first-time defaulter. A survey found that 11 percent of banking customers have experienced a negative credit event for the first time.
Tuesday, February 22, 2011
Posted by The Mark Spain Team at 7:07 AM
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