Credit Card Companies And Data ?
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
-
Popular Contributors
-
1
-
2
-
3
-
4
-
5
-
-
-
Latest posts...
-
27
Scouting Pattaya for a Potential Long-Term Base – Welcome Any Leads
I don't think Pattaya is what you are looking for. Good idea on the monthly rental before you decide. The thread is old. Did you make a permanent move to Pattaya? How do you like it? -
6
Wise multi currency account questions
Thanks to the Bank of Thailand in all probability, I think. -
11
Re Entry Permit Phuket
Was not aware of that. So not only dubious immigration office but also immigration at airport play own game -
52
-
30
List of requirements swap marriage extension to retirement
I can post 10 ++ threads where change from marriage to retirement extensions required wife to be present. Leave it there. -
160
US banks refuse Trump's business
That is an unfair conclusion because it does not take into account litigation. The financial underwriters of entities who are being pursued for liability are often named in the litigation. The concept of joint and several liability gives rise to their legal exposure. It is not just firearms. Other industries face similar issues. Financial institutions are seen as deep pockets and get thrown into litigation because it helps squeeze money out of defendants when there is a settlement. Even when the banks defend and secure a dismissal, the legal costs can be very expensive, far more than the profit gained from the lending transaction. Also, most financial institutions have an internal lending guideline to exclude lending to convicted felons or entities tied to illegal activity. It is called moral hazard. If the policy is not applied consistently, a felon denied a loan can claim discrimination. This has been a standard practice ever since some banks were found to be laundering drug cartel funds and funding entities hostile to their regulating nation. Trump's multiple bankruptcies made him a poor credit risk, but this was addressed by tougher lending criteria. Unfortunately, as the bankruptcies and litigation grew, the Trump businesses no longer met client retention criteria. It is no different than when Bill Cosby was sued for allegations of sexual wrongdoing. He made claims under his personal home insurance liability coverage. It was to be expected that the insurer would not renew the coverage.
-
-
Popular in The Pub
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now