Private loans company Owl Rock sells 20% stake to Dyal Capital Partners Owl Rock receives $500 million from partnership to use cash to create a new business development company worth between $3 billion and $5 billion Private lending market growing fast and could hit $1 trillion in 2020 Owl Rock Capital Group, one of the […]
Tag: USA
Apple Credit Card Accused Of Sexism In Approving Credit Limits
Apple credit card accused of offering women lower credit limit despite having better scores than their spouses Goldman Sachs, the issuer of the Apple credit card, indicates that several factors are considered to approve a limit New York State Department of Financial Services initiates a probe on allegations of Apple Card discriminating against women The […]
Norwegian Air Reward Credit Card Launch
Norwegian Air partners with Synchrony and MasterCard to launch its first-ever rewards credit card in the US New rewards credit card offers a signup bonus of $100 Norwegian CashPoints Norwegian looking to tap on the massive potential of its 1.4 million members in the US Norwegian Air’s low-cost carrier has launched a co-branded credit card […]
Students’ Loan Debt Relief Companies Sued By The CFPB And States For Violation Of TSR
Accused companies and owners violated TSR by charging advance fees before adjusting student loans Companies lied about debt forgiveness within months when it is the DOE to determine forgiveness States indicate that the defendants violated UDAP and other state rules Two student-loan debt-relief companies have been sued for alleged violation of state laws and CFPA […]
Leaked Audio Reveals How Payday Loans Lenders Are Trying To Prevent Regulation By Donating To Trump Campaign
Michaels Hodges said in a webinar that payday lenders donating to Trump campaign could Capture the attention of white House Scrapping the CFPB will mean payday lenders will generate $7 billion from struggling Americans The new regulation will require lenders to ascertain if the consumer can manage to pay the loan before lending On Tuesday […]
Debt Consolidation Can Help Consumers Deal With Heavy Credit Card Debt As Well As Improve Their Credit Scores
Debt consolidation can help boost your credit score besides making payment of your bills modest. The process of debt consolidation involves combining your unsecured debt into a single facility paid per month. Debt consolidation can help in lowering monthly payments, lower interest rates, protecting credit and getting out of credit quickly. Debt consolidation is a […]
US Credit Card Debt Surges To New Highs At Almost $900 Billion In Over A Decade
At the end of last year, the US credit card debt was around $900 billion which was the largest ever. According to the Federal Reserve data, credit card balances increased by almost $26 billion from the previous quarter. Credit card debt shoots to new levels in over a decade The Federal Reserve indicates that although […]
Google Cracks the Whip On Payday Loans By Banning apps In App-Store
Google announced recently that it had banned payday loan apps from its apps store. This is a move that the company has taken as a way of fighting predatory loans in a better way. The company indicated that they were banning all apps offering harmful or deceptive payday loans with interest rates higher than 36%. […]
Payday Loans Are Preying On Borrowers In Kansas, Non-Profits Call For Tighter Regulation
Payday loans are there to save a situation whenever things get worse and no one is ready to loan you. However, these loans do attract significantly high-interest rates on the money borrowed and can leave one dry. Kansas had 685,000 payday loans last year Several people rely on the payday loans to pay off debt, […]
Funding Circle Announce A 30% Increase In Loans Under Management After A Turbulent Year
Peer-to-peer lender Funding Circle has indicated that loans under management had hit £3.7 billion and that it is on track of its 2019 guidance. The company has had a turbulent 12 months with its shares dropping more than 75% from a year ago. Funding Circle’s loans under management increase to £3.7 billion Funding Circle which […]