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‘Ultra-Late’ Invoices Make Chinese Firms Wait Months For Payment

PYMNTS

One thousand businesses responded to the Coface survey, which aimed to look at corporate credit risk mitigation, according to reports. The China Banking Regulatory Commission recently uncovered an increase in nonperforming corporate loans , hitting the highest level since 2009, reports said. “In

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BNPL Regulation in Asia Pacific and What It Means for the Industry

Fintech News

Consumer risk mitigation: The regulators are considering raising the minimum age further to 24-25 years old and increasing income thresholds to better align with financial responsibility, according to Asia News. This reclassification acknowledges BNPL as a form of credit, subjecting providers to responsible lending obligations.

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Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

In 2009, it was 14 percent higher than levels seen the previous year. Faster Payments Risk-Mitigating Capabilities. While faster payments require heightened awareness and preparation for potential risks, they also equip these companies with capabilities to mitigate some risks.

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Master SOX Compliance: A Comprehensive Guide for 2023

FloQast

For example, when HealthSouth announced it inflated earnings and asset values for years, a 2009 class-action lawsuit brought by its investors garnered a $671 million settlement to compensate investors who incurred losses due to HealthSouth’s fraudulent accounting practices.