Banks’ New Dilemma: They Cannot Tell Who is a Good Risk

by Mike ‘Mish’ Shedlock
The Street

Are people paying their bills on time? Thanks to Covid regulations, there is no way to tell.

Banks Are Flying Blind

Businesses are not allowed to report to the credit agencies who is in mortgage, credit card, or auto loan forbearance plans.

So how do banks decide who is a good credit risk when they are Flying Blind?

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