Social Change Case Study Example | Topics and Well Written Essays - 750 words

Social Change - subject field Study ExampleChase Bank Miami Beach Branch is faced with a problem of address focusing. This is the problem of collecting and controlling of payments from firms customers. Many of the loans and credit facilities advanced by the bank to its clients were defaulted. This is due to adynamic policies that govern the provisions of credit and loan facilities to clients. Customers take advantage of these weak structures within the credit and luck management section to default their payments.The function of credit management within a bank institution or company is very crucial. If control credit policies are well adhered to by the firm, strong revenues reform and reduce the financial risks. A credit manager is tasked to oversee credit management. He is the personnel assiduous by a banking institution to manage the department of credit and make decisions on issues such as acceptable risks to be considered and credit limits to be given to particular client s. The scope of credit management in a financial institution includes the following.In carrying out the above functions, a credit management department in Chase bank has come across come some(prenominal) challenges that need to be addressed. In regards to control of doubtful debt, the bank has had a problem in preventing the customers from defaulting their payments. This has the amounts of doubtful and bad debts significantly. This has had an adverse put on the bank financial stability.In scope the credit floors and ceiling for the different clients, the bank has encountered several challenges. Most customers have been observed only to have active accounts just before and during the period they are advancing a loan facility. Once a loan has been advanced to them their accounts become dormant. This has caused difficulties in setting the credit limits as most customers are not deemed to be reliable.Adherence to bank policies with regards to credit management has also posed a challe nge to credit and risk management