Lenders Implement Technology To Encourage Timely Payments
A new trend has developed in the subprime auto lender industry, involving lenders installing devices that can remotely disable the ignition of their vehicles at any time. Subprime borrowers are considered those with credit scores of 640 or below. A drastic increase in subprime borrowers can be attributed to the recent financial downturn. Over the […]
FASB Issues New Standard Regarding Disclosures By Corporate Managers
The Financial Accounting Standards Board (FASB), responsible for establishing and improving financial accounting standards and reporting by non-governmental entities issued a new standard on Wednesday regarding disclosures by corporate managers. This new standard was issued an in effort to create uniform disclosure procedures by corporate managers upon finding substantial doubt about their organization’s ability to […]
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