BSP keeps credit card fee cap at 24% per year

by on November 15, 2022 0

Bangko Sentral of the Philippines. (File Photo/Philippine Daily Inquirer) The Bangko Sentral ng Pilipinas (BSP) decided to maintain interest rate caps on credit card transactions, citing the “reasonableness” of current fees even with accelerating inflation. With this, the maximum interest rate or finance charge for unpaid credit card balances is still 2% per month...

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BSP maintains cap on credit card fees until the end of the year

by on November 12, 2022 0

Laurent Agcaoili – The Star of the Philippines November 13, 2022 | 00:00 MANILA, Philippines — Consumers are expected to continue to enjoy low interest rates and fees on their credit card transactions at least through the Christmas holidays after Bangko Sentral ng Pilipinas (BSP) decided to maintain the current cap until ‘at the...

Read More starts covering Salisbury Bancorp (NASDAQ:SAL)

by on November 5, 2022 0

Equity research analysts at began to cover the shares of Salisbury Bancorp (NASDAQ: SAL – Get a rating) in a research report released Saturday. The company has placed a “hold” rating on the bank’s shares. Salisbury Bancorp price performance Shares of Stock SAL opened at $27.01 on Friday. The company has a debt...

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KBRA awards preliminary grades to FREED ABS Trust 2022-4FP

by on October 19, 2022 0

NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to four classes of bonds issued by FREED ABS Trust 2022-4FP (“FREED 2022-4FP”), a $283.15 million consumer lending asset-backed securities transaction. dollars. Preliminary ratings reflect initial credit enhancement levels of 67.85% for Class A Notes, 45.10% for Class B Notes, 34.70% for Class C Notes and 18.30% for...

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Credit card issuers’ bad debts ease in July

by on October 17, 2022 0

Lawrence Agcaoili – The Filipino Star October 18, 2022 | 00:00 MANILA, Philippines — Degraded loans from credit card issuers improved to 5.7% at the end of July after peaking at 10.1% at the height of the COVID lockdowns in November 2020, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said...

Read More now covers First Commonwealth Financial (NYSE:FCF).

by on October 13, 2022 0

First Commonwealth Financial research analysts began covering First Commonwealth Financial on Wednesday with a company performance report that was made available that day (NYSE: FCF). As a result, the shares of the financial institution were given a “Hold” rating by the brokerage firm. Since the publication of the last report, more and more stock...

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2 value stocks to buy now

by on September 27, 2022 0

Image source: Getty Images The S&P/TSX Composite Index is down 14.45% from its 52-week high at the time of writing. The decline in Canada’s benchmark equity index mirrors the state of the broader equity market, indicating substantial discounts across the board. Most TSX-listed stocks are trading at 20-50% discounts from their all-time highs, but...

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LendingPoint seeks to raise $311.8 million

by on September 21, 2022 0

LendingPoint is preparing to sponsor its latest securitization of income streams from its consumer unsecured installment loan pool. Asset securitization trust LendingPoint 2002-C is set to issue $311.8 million worth of notes, in a deal expected to close later this month. In a first for LendingPoint’s asset securitization program, the LP 2022-C transaction contains...

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Bank of Hawaii Co. (NYSE:BOH) Interest Update

by on September 19, 2022 0

Bank of Hawaii Co. (NYSE: BOH – Get a rating) was the target of strong short-term interest growth in August. As of August 31, there was short interest totaling 2,050,000 shares, a growth of 10.8% from the total of 1,850,000 shares as of August 15. Based on an average daily trading volume of 168,000...

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Things you didn’t know you could do with a personal loan

by on September 18, 2022 0

Personal loans are installment loans with fixed monthly payments. Although they generally require you to have a good credit score to qualify, they can be a great choice for consumers who need some flexibility in how they spend their money. Personal loans also tend to have lower annual percentage rates, or APRs, than traditional...

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Clients Bancorp, Inc. (NYSE: CUBI) Receives an Average “Moderate Buy” Recommendation from Analysts

by on September 14, 2022 0

Bancorp, Inc. Client Stocks (NYSE: CUBI – Get a rating) received an average recommendation of “Hold” from the nine research firms that cover the stock, Marketbeat reports. Four investment analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average price target among analysts who have...

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Government of Canada consultation on reducing the criminal interest rate

by on September 9, 2022 0

Authors): Joyce M. Bernasek, Dominic Duchesne September 9, 2022 Last August, the Government of Canada launched its anticipated consultation document (the consultation document) to solicit the views of stakeholders and vulnerable members of the public on the criminal interest rate and availability of high cost installment loans often offered by other lenders. Although...

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Weave and Sunbit launch BNPL product for healthcare costs

by on September 7, 2022 0

Weave and Sunbit have launched a buy now, pay later (BNPL) product that will help consumers pay for their health care. (iStock) Weave, a customer communications platform, and Sunbit, a buy now, pay later (BNPL) platform, recently partnered to provide BNPL options to small healthcare practices. The financial product will allow patients to pay...

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Buy Now Pay Later Platform Market Size to Reach USD 46.9 Billion with a CAGR of 22.4% by 2031 | Future Market Outlook

by on September 1, 2022 0

North America is expected to register high growth in the market, growing at a CAGR of almost 26% in 2021-2031. The healthcare sector will significantly change the BNPL industry. Australia and New Zealand are collectively expected to account for almost 26% of the South Asia and Pacific market through 2031 /EIN News/ — NEWARK,...

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What can loan forgiveness mean for your credit score?

by on August 29, 2022 0

With President Joe Biden’s announcement of his student loan debt forgiveness plan, many borrowers may be wondering how this will affect their credit score. Economist and professor at Florida Gulf Coast University (FGCU). He said there is an opportunity if you are one of the 20 million Americans who have thousands of student debts...

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LYBC Dividend Announcement $0.3500/share 08/24/2022

by on August 24, 2022 0

Lyons Bancorp Inc. (OTCBB:LYBC) on 08/24/2022 declared a dividend of $0.3500 per share payable October 15, 2022 to shareholders of record as of September 30, 2022. The amount of the dividend recorded is an increase of 0, $01 over last dividend paid. Lyons Bancorp Inc. (OTCBB: LYBC) has paid dividends since 2004, has a...

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DaVita (NYSE:DVA) is up 3% on an analyst upgrade.

by on August 19, 2022 0

Following the announcement of UBS Group’s decision to raise its price target for the company from $106.00 to $117.00, DaVita Inc. (NYSE:DVA) stock price rose 3 % Friday morning. The company’s shares got a better rating as a direct result of the action taken by UBS Group. UBS Group has recommended buying the shares,...

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Will “buy now, pay later” put a generation of young Americans in a debt trap? | Business | Economic and financial news from a German perspective | DW

by on August 18, 2022 0

Americans are sadly in debt, with bloated credit card balances grabbing headlines as inflation eats away at paychecks. But there’s a new kid in the finance block. The so-called “buy now, pay later” (BNPL) industry is taking the United States by storm. The number of Americans who have used the lending model, popular in...

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Commonwealth Equity Services LLC Reduces Equity Position in Synchrony Financial (NYSE:SYF)

by on August 13, 2022 0

Commonwealth Equity Services LLC reduced its holdings of Synchrony Financial shares (NYSE: SYF – Get a rating) by 4.4% during the 1st quarter, according to its last Form 13F filed with the Securities and Exchange Commission. The company held 40,910 shares of the financial services provider after selling 1,873 shares during the quarter. Commonwealth...

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Launch of Conn’s x Belk Store-In-Store pilot projects

by on August 10, 2022 0

The first store-in-store pilot sites resulting from a partnership between Belk and Conn’s have opened in five Belk stores, one Press release said. Called Conn’s x Belk, the locations will allow Belk customers access to Conn’s home product categories and other things like next day deliveries. The five locations include: Knoxville, Tennessee; Raleigh, North...

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Amid Operational Issues, Octane Lending Raises $300M in ABS

by on August 2, 2022 0

Octane Lending is sponsoring another round of asset-backed securities (ABS) financing, in a $300 million transaction called Octane Receivables Trust, 2022-2, secured by direct consumer loans and contracts indirect retail sales on motorsports and outdoor power equipment. Installment loans are secured by $317 million of fixed rate installment loans to prime and lower quality...

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Akbank TAS (OTCMKTS:AKBTY) is trading down 4.3%

by on July 31, 2022 0

Akbank TAS (OTCMKTS: AKBTY – Get a rating) the stock price fell 4.3% on Friday. The company traded as low as $1.01 and last traded at $1.01. About 1,901 shares changed hands during trading, down 93% from the average daily volume of 27,559 shares. The stock previously closed at $1.05. Changes to analyst ratings...

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BAFN Dividend announcement $0.0800/share 07/28/2022

by on July 28, 2022 0

BayFirst Financial Corp (NASDAQ:BAFN) declared on 07/28/2022 a dividend of $0.0800 per share payable on September 15, 2022 to shareholders of record as of September 01, 2022. BayFirst Financial Corp (NASDAQ: BAFN) has been paying dividends since 2016, has a current dividend yield of 1.6710182428% and has increased dividends for 1 consecutive years. The...

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DFPI Bulletin Digest: July 2022

by on July 22, 2022 0

July 2022 DFPI Bulletin Focuses on Small Businesses funding disclosuresproposed rules on commercial financial productsand the Contribution rate 2022-2023 for financial institutions, among other topics. Editor’s Note – California Financial Protection and Innovation Department (DFPIformerly the Business Supervision Department) oversees, licenses and regulates a variety of financial institutions, including certain home mortgage originators (MLOs)...

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Bank of Hawaii (NYSE:BOH) records strong transaction volume

by on July 20, 2022 0

Bank of Hawaii Co. (NYSE: BOH – Get a rating) saw an uptick in trading volume on Monday. 4,494 shares were traded during trading, a 98% drop from the previous session’s volume of 201,604 shares. The stock last traded at $73.70 and previously closed at $71.70. Analyst upgrades and downgrades Several research companies have...

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CURO completes the acquisition of First Heritage Credit and increases its financing capacity

by on July 13, 2022 0

WICHITA, Kan.–(BUSINESS WIRE)–CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a technology-driven, omnichannel consumer finance company serving unpreferred and blue-chip consumers in the United States and Canada, today announced that it has completed its previously announced acquisition of First Heritage Credit (“FHC”), a consumer lender that provides prime installment loans as well as customary optional...

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Pop-up ice cream truck sells ‘Eat the Rich’ popsicles shaped like Bill Gates and Mark Zuckerberg – and people can’t get enough

by on July 12, 2022 0

“Bite Bezos.” “Munch Musk.” “Snack on Jack. Then read about the ice cream trucks that have been popping up in New York and Los Angeles this week, offering passers-by their signature treat: “Eat the Rich” popsicles. Each popsicle is an eerie representation of one of the five Big Tech billionaires Amazon’s Jeff Bezos, Alibaba’s...

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De-stigmatizing debt at work

by on July 5, 2022 0

US consumer debt continues to climb with no end in sight, average US household owe more than $155,000 — an increase of more than six percent over last year. Homebuyers may soon be able to capitalize in a slowing housing market, but the supply chain issues that arose during the pandemic persist and federal...

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Hartford Investment Management Co. holds a $2.21 million stake in Synchrony Financial (NYSE:SYF)

by on July 4, 2022 0

Hartford Investment Management Co. removed its position in shares of Synchrony Financial (NYSE: SYF – Get a rating) by 14.0% in the 1st quarter, HoldingsChannel reports. The fund held 63,577 shares of the financial services provider after purchasing an additional 7,807 shares during the period. Hartford Investment Management Co.’s holdings in Synchrony Financial were...

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WAYN Dividend announcement $0.2300/share 06/30/2022

by on July 1, 2022 0

Wayne Savings Bancshares Inc (OTCBB:WAYN) declared on 06/30/2022 a dividend of $0.2300 per share payable on August 03, 2022 to shareholders of record as of July 20, 2022. Wayne Savings Bancshares Inc (OTCBB: WAYN) has paid dividends since 2003, has a current dividend yield of 3.4730088711% and has increased dividends for 4 consecutive years....

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Brookstone Capital Management Acquires New Stake in Synchrony Financial (NYSE:SYF)

by on June 28, 2022 0

Brookstone Capital Management has acquired a new equity position in Synchrony Financial (NYSE: SYF – Get an assessment) in the 1st trimester, HoldingsChannel reports. The fund acquired 6,516 shares of the financial services provider, valued at around $238,000. Several other institutional investors have also increased or reduced their stake in the company. CVA Family...

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PleaseLoan eliminates endless loan lines with its online platform that makes the borrowing process easier

by on June 24, 2022 0

The loan company provides loan services to government and private employees to help them with additional resources that can help their financial difficulties Award Loans are unsecured, fixed, low-interest loans specifically designed for federal employees. These loans are easily accessible even for employees who have bad credit because the loans are paid by deduction...

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Direct comparison between Greene County Bancorp (NASDAQ:GCBC) and Cullman Bancorp (NASDAQ:CULL)

by on June 12, 2022 0

Greene County Bank (NASDAQ: GCBC – Get a rating) and Cullman Bancorp (NASDAQ: CULL – Get a rating) are both finance companies, but which company is superior? We’ll compare the two companies based on their dividend strength, valuation, risk, profitability, analyst recommendations, earnings, and institutional ownership. Insider and Institutional Ownership 7.0% of Greene County...

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Critical analysis: Ameris Bancorp (NASDAQ:ABCB) and Independent Bank Group (NASDAQ:IBTX)

by on June 7, 2022 0

Independent banking group (NASDAQ:IBTX – Get a rating) and Ameris Bancorp (NASDAQ: ABCB – Get a rating) are both mid-cap financials, but which business is the best performer? We’ll compare the two companies based on the strength of their institutional ownership, profitability, earnings, risk, dividends, valuation, and analyst recommendations. Risk and Volatility Independent Bank...

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by on May 23, 2022 0

As filed with the Securities and Exchange Commission on May 23, 2022 Registration No. 333-264860 UNITED STATES SAFETY AND EXCHANGES COMMISSION Washington, D.C. 20549 Pre-Effective Modification #1 for FORM S-3 STATEMENT OF REGISTRATION UNDER THE SECURITIES ACT OF 1933 BLUE RIDGE BANKSHARES, INC. (Exact name of the declarant as specified in its charter) Virginia...

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First Commonwealth Financial Co. (NYSE:FCF) expected to post quarterly sales of $97.26 million

by on May 21, 2022 0

Analysts expect First Commonwealth Financial Co. (NYSE:FCF – Get a rating) to post $97.26 million in sales for the current fiscal quarter, according to Zacks. Four analysts made earnings estimates for First Commonwealth Financial. The highest sales estimate is $98.06 million and the lowest is $96.57 million. First Commonwealth Financial recorded sales of $94.29...

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Head-to-head comparison: Carter Bankshares (NASDAQ:CARE) vs. Sandy Spring Bancorp (NASDAQ:SASR)

by on May 20, 2022 0

Carter Bankshares (NASDAQ: CARE – Get a rating) and Sandy Spring Bancorp (NASDAQ: SASR – Get a rating) are both small cap finance companies, but which business is superior? We’ll compare the two companies based on their risk strength, earnings, profitability, analyst recommendations, institutional ownership, valuation and dividends. Institutional and Insider Ownership 38.2% of...

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EAGLE FINANCIAL SERVICES INC Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q)

by on May 12, 2022 0

The purpose of this discussion is to focus on the important factors affecting the Company's financial condition, results of operations, liquidity and capital resources. This discussion should be read in conjunction with the Company's Consolidated Financial Statements and the Notes to the Consolidated Financial Statements presented in Part I, Item 1, Financial Statements, of...

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Brokers expect Enova International, Inc. (NYSE: ENVA) to post quarterly sales of $405.39 million

by on May 9, 2022 0

Analysts expect Enova International, Inc. (NYSE:ENVA – Get a rating) to announce sales of $405.39 million for the current quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for Enova International. The highest sales estimate is $409.00 million and the lowest is $401.78 million. Enova International recorded sales of $264.72 million...

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What is renewable use and how to use it

by on May 5, 2022 0

Revolving usage is an important factor that can impact your credit ratings. This is often the main reason why your credit scores change from month to month. But usage can be confusing, so let’s break it down here and help us use it to your advantage. If you’ve seen the FICO score formula, debt...

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Information and education are key to helping young consumers find financing options

by on May 2, 2022 0

By Joseph Dobrian, special for today’s furniture HIGHLIGHT — How are financing practices changing to respond to how and where young consumers shop? Are cash-equivalent offers resonating with younger consumers? Consumer finance and leasing specialists generally agree that furniture retailers can take advantage of changing consumer practices. Retailers just need to stay alert to...

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COVID stimulus funds spurred lower debt spending

by on April 28, 2022 0

The Financial Health Network has published its 10th annual report Expense reportshowing the first-ever overall drop in interest and fee expenses. The study tracks what U.S. households have spent on financial services during the pandemic and says the 4% drop in debt-related spending stems from the student debt moratorium, government stimulus measures and a...

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How to control your credit score!

by on April 25, 2022 0

iQuanti: Seeing a change in your credit score can make anyone a little nervous, especially if that coveted number has dropped by a few points. But don’t panic just yet. There are many reasons why you might see that your credit score has changed, and for each problem there is a solution. Keep reading...

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Dave Ramsey is absolutely right about this type of borrowing

by on April 23, 2022 0

Image source: Getty Images Dave Ramsey advised against taking on most types of debt, even suggesting avoiding a mortgage when possible and paying cash for a home. In some cases, Ramsey’s anti-borrowing stance could potentially lead you astray, leaving you with less wealth. For example, giving up credit card rewards and not building your...

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Fiverr International Inc (NYSE:FVRR) vs. Bread Financial Inc (NYSE:BFH) Head to Head Contrast

by on April 21, 2022 0

Bread Financial (NYSE: BFH – Get a rating) and Fiverr International (NYSE: FVRR – Get a rating) are both mid-sized business services companies, but which is the better company? We’ll compare the two companies based on earnings strength, risk, valuation, dividends, institutional ownership, profitability, and analyst recommendations. Benefits and evaluation This table compares the...

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