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  1. IPR mortgage loans prove beneficial (People's Daily)
    Two years ago, when a few commercial banks in China began accepting intellectual property rights (IPRs) as collateral for loans for small- and medium-sized enterprises (SMEs), many thought it might be too risky. But the new model is slowly proving to be an effective financing channel for capital-strapped SMEs and a profit making business for commercial banks. Bank of Communications (BoCom), one ...
  2. Banks more willing to forgive, forget credit-card debt (The Indianapolis Star)
    With defaults on credit-card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit-card bills.
  3. Pakistan to Request Billion Dollar Loan from the IMF - Wall Street Journal
    After weeks of trying to secure a financial lifeline from its allies, Pakistan is finally turning to the International Monetary Fund to stave off an economic collapse, with a senior official saying Saturday that the nation has reached an agreement ...
  4. As Economic Woes Worsen, Store Layaway Plans Make a Comeback (FOX 5 News Atlanta)
    ATLANTA (MyFOX ATLANTA) – With the economic crisis putting the squeeze on consumer credit, the practice of layaway is making a comeback. Layaway, which had its roots in the Great Depression, lost luster during the credit card boom of the late 1980's. Now, stores are pushing the service as a way to pay off purchases a little at a time without racking up big interest fees.
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