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Managing Risks in Consumer Credit Industry A working paper submitted to “Policy Conference on Chinese Consumer Credit” on August 7, 2004 in Beijing, China Jack Niu1 Executive Vice President MBNA America Wilmington, Delaware U.S.A. June 2004 Abstract In the past 10 years, the value of consumer credit industry in the US has doubled reaching a spectacular level of US$2,000+ trillion by ...
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