Liberally prudent or imprudently liberal? Part 1, how we got here
By: David A. Smith
Every lender faces the challenge of setting credit policies: tight but not too tight.
That’s too tight
Too tight and the lender loses market share. Not tight enough and the additional market share acquired turns into loan losses that sink the lender.
A public-policy lender faces the same dilemma but in reverse: liberal but not [...]
