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Category: Credit


Capital and risk, Credit

This government mortgage program helps veterans with spotty credit history and gets better results

November 12, 2018

Via: Market Watch

Greg Sohnrey came home from Iraq in 2010 so badly injured the Veterans Administration said the then-30-year-old would never work again. But for Sohnrey, that experience paled next to losing a baby daughter, then watching two young sons go under […]


Capital and risk, Credit

Citizens, Others Provide $75MM Revolver to Four Springs

October 30, 2018

Via: ABF Journal

Four Springs Capital Trust secured a three-year revolving credit facility with a $75 million borrowing capacity with an additional $75 million expansion feature. Citizens Bank, Huntington Bank, Peapack-Gladstone Bank and Two River Community Bank participated in the new credit facility […]


Capital and risk, Credit

Would you be better off with a different credit card?

October 25, 2018

Via: Market Watch

If you think you’re getting a good deal from your current credit-card provider, think again. Chances are you’re paying too much in interest or fees, and getting fewer rewards than you realize, a new report suggests. Even if you’re getting […]


Capital and risk, Credit

Don’t buy a new car without these documents in hand

October 24, 2018

Via: Market Watch

You’ve done your research, checked your credit reports to make sure they’re accurate, and you’re ready to get serious about buying a car. You feel more than ready to sign on the dotted line and drive home in your new […]


Business banking, Capital and risk, Credit, Products, Regulations, Retail banking

Wells Fargo CEO Sloan Must Go, Senator Warren Tells Fed Chairman

October 18, 2018

Via: TheStreet banks

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]


Capital and risk, Credit

AI-based credit scores will soon give one billion people access to banking services

October 9, 2018

Via: Market Watch

You may not think the number of words in an email subject line says anything about you, but at least one company is betting that the metric can help determine your likelihood of paying back a loan. LenddoEFL, based in […]


Capital and risk, Credit

BofA Agents $250MM DIP for American Tire Distributors

October 9, 2018

Via: ABF Journal

American Tire Distributor reached an agreement with a majority of its term loan holders to support its restructuring support agreement, which would reduce the company’s debt by approximately $1.1 billion and increase its financial flexibility as it continues its ongoing […]


Capital and risk, Channels, Credit

Chase lets customers lock, unlock credit cards from their phone and computer

September 28, 2018

Via: Finextra

The lock/unlock feature will allow customers to quickly lock or unlock their credit card right from their phones through the Chase Mobile app or by computer via chase.com to instantly block new purchases, cash advances and balance transfers. Once the […]


Business banking, Capital and risk, Credit, Products

US Bank Launches Digital Small Business Lending

September 25, 2018

Via: ABF Journal

U.S. Bank created a new, fully digital option for small businesses to apply for and receive a loan or line of credit. The digital process is part of a broader evolution of how the bank interacts with customers. Single-owner businesses […]


Capital and risk, Credit

FICO credit scores are now at their highest levels ever … here’s why

September 24, 2018

Via: Market Watch

Americans’ credit scores are higher than ever. The average FICO score, a widely used credit rating named for the Fair Isaac Corporation, is now 704. It hit that number in April 2018, according to a report from FICO released Monday, […]