Lending
Buy now, pay later shares for December 2021 • Benzinga
Jump straight to Webull! Get real-time market data, analytics tools and $ 0 commissions. Financial services companies continue to grow and build on a daily basis due to a highly concentrated market and expansive trading. Investing is handled in different ways and it has never been easier to invest. Buy Now Pay Later (BNPL) stocks …
Analysts expect Cathay General Bancorp (NASDAQ: CATY) to announce quarterly revenue of $ 165.43 million
Wall Street analysts expect Cathay General Bancorp (NASDAQ: CATY) to have revenue of $ 165.43 million for the current quarter. Zacks Investment Research reported. Three analysts have given estimates of Cathay General Bancorp’s earnings. The lowest revenue estimate is $ 164.40 million and the highest is $ 166.00 million. Cathay General Bancorp had sales of …
BSP maintains the maximum interest rate limit for credit cards
THE Monetary Board has decided to keep the credit card caps on credit card transactions. The maximum interest rate or financing fee for a cardholder’s unpaid outstanding credit card balance is still two percent per month or 24 percent per year. The monthly surcharge that credit card issuers can charge for installment loans is also …
Interest rate for credit card transactions still limited to 2% per month
As the acceptance of credit cards by Filipino consumers continued, the Monetary Board decided to keep the caps on interest rates and funding fees unchanged in order to ease the financial burden on users. According to Circular No. 1098 of Bangko Sentral ng Pilipinas (BSP) dated September 24, 2020, the maximum interest rate or funding …
Some new techniques for tapping asset-based lending for corporate finance
Most SMEs have significant cash tied up in assets such as inventory, machinery, equipment, real estate or financial investments. The ease and flexibility of using these assets for lending could unlock huge amounts of liquidity and alternative sources of finance for businesses. In this blog we discuss some new techniques to make the qualification of …
Can Upstart’s business model live up to market expectations?
The expectations of the artificial intelligence credit platform have gone through the roof Upstart stocks (NASDAQ: UPST), which trades at roughly 295 times earnings after the stock slumped around 24% since the company announced third-quarter earnings. With its machine learning and 28 billion cells of training data, Upstart is trying to replace traditional credit underwriting, …
CURO to acquire Heights Finance, a leading consumer finance company, for $ 360 million
WICHITA, Kan .– (BUSINESS WIRE) – CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a technology-driven omni-channel consumer finance company serving non-prime and prime consumers in the US and Canada, today announced a definitive agreement to acquire Heights Finance, a Consumer finance firm that provides installment loans and offers standard opt-in insurance and other financial products …
The CFPB’s payday rule is in jeopardy again and may pave the way for more EWA programs | Wilson Sonsini Goodrich & Rosati
On August 31, 2021, the District Court of the Western District of Texas upheld the payment terms in the Consumer Financial Protection Bureau (CFPB) 2017 Payday Rule “Payday, Vehicle Title and Certain High Priced Installment Loans” rule, but on October 15, 2021, the Fifth Circuit extended it the suspension of the payday rule while serving …
Sensex Down over 300 points; Refined dips under 17,950
(RTTNews) – Indian stocks opened lower Wednesday amid muted global signals as a surge in oil prices and Chinese factory gate prices added to inflation concerns. The 30-stock BSE Sensex fell 345 points, or 0.6 percent, to 60,088, while the broader NSE Nifty index fell 94 points, or half a percent, to 17,949. BHEL slumped …