Today In B2B: Orange Bank's SMB Takeover; EU Supply Chain Default Fears
PYMNTS
JANUARY 7, 2021
Diego Tavecchia, a representative of the EU Federation for the Factoring and Commercial Finance Industry , told the outlet that the new regulations might categorize 15 percent to 20 percent of invoices for which factoring firms are responsible as defaulted, tantamount to as high as €25.5 billion ($31.3 billion) in soured debts.
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