FICO Survey Finds Persistent Credit Gap Facing Consumers and Small Business Owners

Posted by Joachim Bartels | Feb 5, 2011 | FICO (Fair Isaac), SME Access to Finance Issue, United States | 0 |

Bank risk professionals say credit demand will rise faster than supply; 54 percent expect FDIC’s Problem Bank List to grow in 2011

FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced the results of its quarterly survey of bank risk professionals. Results of the survey, which is conducted for FICO by the Professional Risk Managers’ International Association (PRMIA), indicate the credit gap that has hindered U.S. consumer spending is likely to continue well into 2011, and lenders are also unlikely to meet the credit demands of small businesses in the near term.

To read the full story click on the attachment FICO Survey on SME lending Dec 2010 or go to: FICO Press Release

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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