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Category: Credit


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, […]


Capital and risk, Credit

Wells Fargo, Gordon Bros. Finance Amend Stein Mart Credit Agreements

September 21, 2018

Via: ABF Journal

Stein Mart extended and amended its existing revolving credit agreement with Wells Fargo and its term loan agreement with Gordon Brothers Finance Company. These agreements are coordinated through an intercreditor agreement and provide for combined borrowing availability of $275 million. […]


Capital and risk, Credit

JPMorgan Chase Upsizes Highpoint Facility to $500MM

September 17, 2018

Via: ABF Journal

HighPoint Resources entered into a new amended and restated credit agreement for its revolving credit facility, extending the maturity date by more than three years to 2023 and increasing the borrowing base and commitments by 67% to $500 million. The […]


Capital and risk, Credit

6 reasons why credit matters

September 14, 2018

Via: Market Watch

Your credit score isn’t an arbitrary three-digit number. It’s based on a summary of your history with credit — and it sends a strong signal about how you’re likely to handle new credit. Your credit history can directly impact what […]


Capital and risk, Credit, Products, Retail banking

This new credit card offers 4% back on dining, but is it a good deal?

August 14, 2018

Via: Market Watch

Here’s one reason to put your avocado toast and poke bowls on credit — if you can pay them off in full, of course. There’s a revamped Capital One COF, +1.59% card on the market aimed at foodies that will […]