Extra Credit
Welcome to Extra Credit, a weekly podcast from the National Association of Credit Management. You can expect to hear from different credit professionals each Friday. We’ll help you stay informed about the latest in the B2B credit world.
Extra Credit
Credit Is Tightening Due to Banking Crisis, CMI Shows
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NACM
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Episode 56
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NACM’s Credit Managers’ Index (CMI) revealed credit application approvals dropped in April even as applications for new credit increased. The factor of rejections of credit applications fell 2.7 points into contraction territory at 49.7—its lowest level since July 2009 during the Great Recession. The flow of credit is being crunched by financial panic, said NACM Economist Amy Crews Cutts, Ph.D., CBE.
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