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Peruvian Bank Is Surprise Favorite Among Lenders in Americas

Peruvian lender Credicorp Ltd. is the banking stock in the Americas that analysts expect to gain the most in 2016. The Lima-based bank is the favorite in the Americas and the second-highest rated globally among banking stocks with a market value of more than $500 million and at least 10 analyst ratings, data compiled by […]

Gold Country Lenders sentencing postponed to April

The defense attorneys for the two defendants in the Gold Country Lenders case told a Nevada County Superior Court judge they still have not received all the transcripts from their trial, which began in April 2015. Gold Country Lenders CEO Phil Lester and CFO Susan Laferte were found guilty in June 2015 of multiple counts […]

Payday lenders thrive with ‘debt trap’

In the last days of the 2014 legislative session, the Minnesota Legislature tried to pass tougher legislation against payday lenders. Several religious groups whose members were being decimated by triple-digit interest against future paychecks were stymied when Republicans blocked the measure, arguing it removes options for low-income families. It’s an option for getting ripped-off as […]

Lenders Expect Strong 2016 for Commercial, Multifamily Loans in U.S.

According to a new Mortgage Bankers Association survey of the top US commercial and multifamily mortgage origination firms, commercial and multifamily mortgage lending is expected to increase in 2016, as lenders and borrowers appetites for new loans remain strong. A full 90 percent of the top firms expect originations to increase in 2016, with 50 […]

Trust, data, and why marketplace lenders are here to stay

New peer-to-peer platforms that match lenders with borrowers are proving to be more efficient than banks at connecting those with money and to those that need money. Known as marketplace lenders, this new industry is still very much in its infancy, currently representing a tiny proportion of total loans compared to bank lending, writes James […]

Ortho Clinical financial woes take toll on Carlyle lenders following $4B buyout

Its been a rough road for Ortho Clinical Diagnostics since the Carlyle Group ($CG) snatched up the medical diagnostics unit from Johnson amp; Johnson ($JNJ) in 2014, with earnings recently slumping to a 5-year low. But those numbers arent just taking a toll on the company. Theyre also dragging down lenders that backed Carlyles $4 […]

2016 starts with more investment in online lenders

The first full week of the year started with major funding announcements from two alternative online lenders. Student loan lender CommonBond raised $275 million, and non-prime consumer lender LoanNow secured a $50 million credit facility from an institutional investor. The funding continues a hot streak for online lenders that was particularly pronounced late last year. […]

Two Payday Lenders Agree To Pay $4.4M In Fines, Release Borrowers From $68M In …

Federal regulators continued an ongoing crackdown on deceptive payday loan players by reaching a multimillion-dollar agreement with two lenders to settle accusations they illegally charged consumers with undisclosed and inflated fees.  The Federal Trade Commission today announced that Red Cedar Services Inc. and SFS Inc. operating as 500 Fast Cash and One Click Cash would […]

China Clamps Down on Online Lenders, Vowing to `Cleanse’ Market

China’s banking regulator laid out planned restrictions on thousands of online peer-to-peer lenders, pledging to “cleanse the market” as failed platforms and suspected frauds highlight risks within a booming industry. Online platforms shouldn’t take deposits from the public, pool investors’ money, or guarantee returns, the China Banking Regulatory Commission said on Monday, publishing a draft […]

Nearly 8000 lawsuits by payday lenders against their clients

Payday lenders do a brisk business in Utah by promising quick cash to help struggling consumers who come up short between paychecks. They market themselves as a helping hand when trouble strikes, but too many Utahns don’t recognize how much trouble they can find themselves in if they don’t pay back their loans quickly. According […]

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