Certified Bank Auditor – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Certified Bank Auditor?What Does a Certified Bank Auditor Do?Requirements for Becoming a CBACertified Bank Auditor Careers What is a Certified Bank Auditor?An accounting professional who specializes in reviewing the financial records...

Certified Consumer Debt Specialist – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Certified Consumer Debt Specialist?What Does a Certified Consumer Debt Specialists Do?Center for Financial CertificationsConsumer Debt Specialists and Debt Settlement What is a Certified Consumer Debt Specialist?The Certified...

Certified Credit Executive – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Certified Credit Executive?What Does a Certified Credit Executive Do?Qualifying for the Certified Credit Executive ExamCertified Credit Executive Exam StructureStudying for the Certified Credit Executive Exam What is a Certified...

Negative Amortization – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is Negative Amortization?How Does Negative Amortization Work? What is Negative Amortization?Negative amortization occurs when the loan payment by a borrower is less than the interest that has accumulated over a period of time, when this...

Effects Test (Disparate Impact) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is an Effects Test?How Does the Effects Test Work? What is an Effects Test?The effects test is a theory that is used in evaluating the disparate or discriminatory impacts of credit policies. A credit policy refers to a set of standards or...

Default (Non-Payment) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Default?How does a Default Work?Default on Secured DebtDefault on an Unsecured DebtDefault on a Student LoanDefaulting on a Futures ContractSovereign DefaultConsequences of DefaultReal World Examples of Default What is a Default?A...