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Rejection Rates

All articles tagged with #rejection rates

technology2 years ago

"App Store developers required to justify API usage in new policy update"

Apple will require developers to explain why their apps use certain APIs before submitting them to the App Store. These "Required Reason APIs" aim to crack down on fingerprinting and tracking users across different apps and websites. Starting in spring 2024, apps that use these APIs without a valid reason will be rejected. While this measure prioritizes privacy, some developers are concerned about increased app rejection rates, especially for common APIs like UserDefaults. Apple will allow developers to appeal rejections and submit requests for situations not covered in the guidelines.

via 9to5Mac|
#apis#app-store#developers
economy2 years ago

Rising Interest Rates Lead to Increased Auto Loan Rejections

As the Federal Reserve raises interest rates for the 11th time, car buyers are feeling the burden with higher sticker prices, tightened credit standards, and steadily increasing auto loan rates. A study by the New York Federal Reserve found that auto loan rejections have reached the highest level since 2013, with 14% of applicants being rejected. Rejection rates for credit cards, mortgages, mortgage refinancings, and higher credit card limits have also risen. Credit card rates are at all-time peaks, and mortgage rates have more than doubled in two years. The average price paid for a new vehicle is 25% above the pre-pandemic average, and used vehicle prices have jumped 45% above pre-pandemic levels. The combination of higher loan rates and increased vehicle prices has made monthly payments unaffordable for some buyers.

via The Associated Press|
#auto-loans#economy#federal-reserve