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Category: Credit


Capital and Risk, Credit, Products, Retail Banking

Amazon’s newest credit card could be a double-edged sword for people with bad credit

June 10, 2019

Via: Market Watch

Amazon’s newest credit card is designed to appeal to consumers who are looking to improve their credit score. It comes with an unusual structure — and some major caveats. The Amazon Credit Builder card AMZN, +3.38% will function as a […]


Capital and Risk, Credit

Auto loans hit record high, sending borrowers with the best credit to the used market

June 6, 2019

Via: CNBC

People buying a new vehicle are borrowing more and paying more each month for their auto loan. Experian, which tracks millions of auto loans each month, said the average amount borrowed to buy a new vehicle hit a record $32,187 […]


Capital and Risk, Credit

Here’s one credit-card rewards program that consumers may want to avoid

June 3, 2019

Via: Market Watch

The Petal Visa Card V, -0.21% is geared toward people who have poor or non-existent credit. But a new rewards program launched by the card could end up becoming a roadblock for people looking to improve their credit score, experts […]


Capital and Risk, Credit

Most Americans’ credit scores are rising—how is yours?

May 28, 2019

Via: Market Watch

The average U.S. credit score hit 680 in 2018, up from 675 the year before, the report found. That’s the biggest one-year jump since 2008, but not quite back to the 685 average that year as the 2007-09 recession deepened. […]


Capital and Risk, Credit

77 Percent of Bank Boards Approve Loans. Is That a Mistake?

May 17, 2019

Via: Bank Director

Bank directors face a myriad of expectations from regulators to ensure that their institutions are safe and sound. But there’s one thing directors do that regulators don’t actually ask them to do. “There’s no requirement or even suggestion, that I’m […]


Capital and Risk, Credit, Products, Retail Banking

U.S. Bank Revolutionizes Home Borrowing Experience

May 15, 2019

Via: Yahoo

U.S. Bank welcomes spring with the launch of a comprehensive suite of industry-leading digital tools that will benefit homeowners – simple, smart and secure digital applications for home mortgages, home equity loans and home equity lines of credit, or HELOCs. […]


Capital and Risk, Credit

Deutsche Provides $100MM Revolver for Newtek

May 2, 2019

Via: ABF Journal

Newtek Business Services, a joint venture with a subsidiary of BlackRock TCP Capital, closed a $100 million senior-secured revolving credit facility with Deutsche Bank. The new facility includes a $100 million accordion feature, allowing the JV to increase the borrowing […]


Capital and Risk, Credit

Weekly mortgage applications drop 4.3%, despite lower interest rates

May 1, 2019

Via: CNBC

It may be the heart of the spring housing season, but the mortgage market isn’t seeing big business. Mortgage application volume fell 4.3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was […]


Capital and Risk, Credit

New Yorkers are not happy over sneaky credit card surcharges

April 29, 2019

Via: Market Watch

New York City just got more expensive and almost no one noticed. A long-running court battle that ended in January gives New York merchants the right to charge extra for credit card purchases as long as the pricing is clear. […]


Capital and Risk, Credit

Credit Due Diligence Is Even More Important Now

April 17, 2019

Via: Bank Director

With loan quality generally viewed as benign while M&A activity continues into 2019, is any emphasis on credit due diligence now misplaced? The answer is no. With efficiency driving consolidation, bank boards and management should not be tempted to take […]