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Category: Credit


Capital and risk, Credit

States that voted for Trump more likely to have growing credit-card debt

February 14, 2018

Via: Market Watch

American households are falling deeper into debt, reaching another all-time high last year of more than $1 trillion in outstanding revolving credit — also known as credit-card debt. That’s a 6% jump from the year before and a 20% increase […]


Capital and risk, Credit

Get a Credit Freeze NOW Before it’s Too Late!

February 2, 2018

Via: Finextra

What is a credit freeze? It’s an action you take to lock down your credit report. A lender can’t see your score, which means your Social Security number and credit rating is useless to them. In other words, they can’t […]


Capital and risk, Credit

Wells Fargo Agents $250MM Facility for Wingstop

February 1, 2018

Via: ABF Journal

Wingstop closed a new $250 million senior secured credit facility with Wells Fargo Bank as administrative agent as part of the company’s recapitalization The new five-year credit facility bears an initial interest rate of LIBOR + 275 bps and consists […]


Capital and risk, Credit

Salesforce invests in nCino

January 31, 2018

Via: Finextra

NCino, the worldwide leader in cloud banking, today announced that its customer portfolio now includes more than 180 financial institutions across multiple countries, including 10 of the top 30 U.S. banks by asset size and Navy Federal, the world’s largest […]


Capital and risk, Credit, Products, Retail banking

The latest evidence Americans prefer debit cards to credit cards

January 10, 2018

Via: Market Watch

There’s a pretty good chance the last time you paid for something, you did it with a debit card. Debit cards were the No. 1 payment method Americans used in 2016, the most recent year for which data was available, […]


Capital and risk, Credit

Best Egg Will Broaden to Financing Purchases in 2018

December 27, 2017

Via: Bank Innovation

EXCLUSIVE—Marketplace lender Best Egg will move towards financing consumer purchases, including homes, as it looks to expand in 2018, the company told Bank Innovation. The company will be focusing on offering loans and services that will “create a stronger relationship” […]


Capital and risk, Credit

Orion Energy Provides $100MM Credit Facility to PWT

December 20, 2017

Via: ABF Journal

Produced Water Transfer (PWT) entered into a strategic financial partnership with Orion Energy Partners to grow PWT’s existing midstream platform in the Cotton Valley and Haynesville, LA. The $100 million senior secured credit facility from Orion Energy will provide PWT […]


Capital and risk, Credit

One sure-fire prediction for 2018: Americans will take on even more debt

December 18, 2017

Via: Market Watch

Perhaps Americans should add “paying off debt” to their New Year’s resolution lists. This year marked an unwelcome milestone for consumers, with credit card debt reaching a new high. As of June 2017, Americans owe a record $1 trillion on […]


Capital and risk, Credit, Regulations

Wells Fargo Sued by Navajo Nation for Alleged Predatory Tactics

December 14, 2017

Via: Insurance Journal

The Navajo Nation announced that it’s suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal members. In a statement, Navajo Nation President Russell Begaye said the tribe’s lawyer has been directed to […]


Capital and risk, Credit

Fiserv signs five more credit unions to DNA

December 7, 2017

Via: Finextra

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that five credit unions, with assets between $400M and $2.7B, will leverage core account processing and additional solutions from Fiserv to enhance their ability to […]