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Reserve Bank Of India Provides Guidelines For Payment Systems

PYMNTS

The Reserve Bank of India (RBI) has set forth guidelines for “on tap” authorization for various payment systems, including the Bharat Bill Payment Operating Unit (BBPOU), Trade Receivables Discounting System (TReDS) and White Label ATMs (WLAs). The bankers met with Finance Minister Nirmala Sitharaman on Monday (Oct.

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New China Guidelines Increase Foreign Business Opportunities

PYMNTS

The 30-page draft guidelines published by the National Development and Reform Commission (NDRC) aim to reverse a slowdown of economic growth partially caused by the U.S. It also called on financial institutions to increase lending to private enterprises and small businesses and provide targeted products and services.

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India Introduces New Laws, Cap Regarding P2P Lending

PYMNTS

“Further, all the lenders shall submit declaration to P2P platforms that they have understood all the risks associated with lending transactions and that P2P platform does not assure return of principal/payment of interest,” the RBI said. The RBI also recently provided guidelines for payment systems.

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Join Sageworks and Linda Keith Wednesday February 24th for “The Cs of Credit Guidelines for Tax Return Analysis” Webinar

Abrigo

This time, Linda will be discussing "The C's of Credit Guidelines for Tax Return Analysis." When Linda Keith asks a guidelines question in Tax Return Analysis training, she generally hears different answers throughout the room, even among attendees from the same bank. Should your guidelines be flexible or are they hard and fast rules?

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NAR changes could hurt homebuyers, experts say

American Banker

Industry veterans are wary of prospective borrowers who can't pay for agents, and of compensation guidelines clashing with government mortgage lending programs.

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Here Is Our Process for PPP2 That Could Help You

South State Correspondent

Of all the lending programs in banking history, the Paycheck Protection Program (PPP) has to be one of the most complicated ever to enthrall bankers.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions.

Lending 150