Santander Consumer USA Holdings Inc (NYSE:SC) Spikes Amid Takeover …

December 18th, 2014 by Admin

Santander Consumer USA Holdings Inc (NYSE:SC) is a specialized consumer finance company and operates as a subsidiary of Santander Holdings USA, Inc. The company provides vehicle finance products and services including vehicle loans and leases and dealer floorplan loans. It also offers unsecured consumer lending products.

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Recently, Bloomberg reported that the Spanish bank Banco Santander, SA (ADR) (NYSE:SAN) is considering possible acquisition of the 28% stake of its US auto finance business Santander Consumer USA. However, the Bank cleared the clouds over such speculation and mentioned in its official statement...

CFPB Releases New Credit Reporting Measures to Better Address Medical …

December 18th, 2014 by Admin

Medical debt by itself is a huge burden–in fact, medical bankruptcy accounts for the majority of personal bankruptcies in the US Add that to the fact that medical debt can greatly affect your credit score as soon as your unpaid bills get turned over to a collection agency, and your finances can head downward very quickly. On Thursday, the Consumer Finance Protection Bureau released a study accompanied by new credit reporting measures in an attempt to quantify the extent of the problem and rectify this important issue for the American public.

The problem with medical debt and credit:

  • 43 million Americans have overdue medical debt on their credit reports.
  • The...

Bitcoin Startup Recruits JPMorgan Veteran as CFO

December 18th, 2014 by Admin

Paul Camp, a veteran of JPMorgan Chase and Deutsche Bank, has joined the digital-currency consumer finance company Circle Internet Financial as the startups new chief financial officer.

Camp, whose titles also include corporate treasurer and executive vice president of financial operations, will oversee the Boston firms core financial transaction operations. Circle stores its customers bitcoin private keys and allows them to purchase the decentralized digital currency for US dollars.

Pauls exceptional global skill set and relationships will also be critical in the companys continued global expansion, Circles founder chief executive officer Jeremy Allaire wrote in a blog post...

Roosevelt Collection signs restaurant, office provider

December 18th, 2014 by Admin

A provider of temporary office space and a restaurant leased almost 26,000 square feet combined at the Roosevelt Collection, the mixed-use complex in the South Loop. Dallas-based Regus Group leased 17,000 square feet of second-floor space in the property at Roosevelt Road and Wells Street, a spokeswoman for the company confirmed. Mago Grill Cantina also agreed to open a restaurant in an 8,700-square-foot space near the propertys movie theater, said Eddie Nahlawi, a principal at the restaurants operator, Arlington Heights-based Foodworks Hospitality Group. The firm liked Roosevelt Collection for its first city location because it has the feel of a lifestyle center and ample parking, Nahlawi...

The Best 3 Student Credit Cards

December 18th, 2014 by Admin

If a credit score is a GPA for your financial responsibility, then credit cards are those easy intro classes that can help you boost the average. If you use credit cards throughout college and gradually build a sound credit history, youre going to enter the dreaded real world with some significant financial advantages.

Simply put, a good credit score will save you money and vouch for your financial responsibility. It will help you get low interest rates on mortgages, car loans and even a line of credit for a new business. When you submit an application to rent your first apartment, a good credit score will help you get approved. And when you submit job applications, many employers will...

BC Partners to buy PetSmart for about $8.7 billion cash

December 18th, 2014 by Admin

PetSmart Inc. (PETM) said Sunday that it had agreed to be sold to a consortium led by BC Partners Inc. for $83.00 per share in cash, valuing the deal at a total of about $8.7 billion. The price compared to PetSmarts Friday close of $77.67 a share, and the company said the consideration represented a 9.1x multiple of PetSmarts adjusted Ebitda1 for the 12 months ended Nov. 2. The successful bid by the BC group trumped an opposing offer from Apollo Global Management LLC (APO) . PetSmart — the board of which voted unanimously in favor of the BC Partners deal — sees the acquisition closing in the first half of next year pending regulatory approval....

Home Improvement Loan Pros Now Offers All Types of Home Improvement …

December 17th, 2014 by Admin

Charleston, SC — (ReleaseWire) — 12/12/2014 — Home Improvement Loan Pros is now offering different types of home improvement loans, services and financing. The financial firm provides easy home improvement loans to their clients. Now, one can get a home improvement loan to upgrade their existing home. Home Improvement Loan Pros provides excellent home loan programs to clients even if they have a bad credit score. Bad credit scores are usually a deterrent in getting a home loan, but with Home Improvement Loan Pros, one can get different home loan programs to improve their home or add an existing room or some other feature to their home. Home Improvement Loan Pros even approves...

CFPB Alleges Debt-settlement Firm Charged Consumers Illegal Upfront Fees

December 17th, 2014 by Admin

Washington DC – infoZine – Thursday the Consumer Financial Protection Bureau (CFPB) announced that it has asked a federal district court to enter a consent order requiring Premier Consulting Group LLC to pay a fine of $69,075 for charging consumers illegal upfront fees for debt-settlement services they never received, and take other steps to prevent future legal violations.

“These companies took advantage of consumers in financial distress, charging tens of thousands of dollars for services they failed to deliver,” said CFPB Director Richard Cordray. “Charging upfront fees for debt-settlement services is against the law, and today’s action is another...

Discover To Bolster Student Loan Offering With Branded Credit Cards

December 17th, 2014 by Admin

NEW YORK (MainStreet) Are college students an untapped market for credit cards?

They may be now, but when Federal rules on college-branded cards take effect in July 2015, card issuer revenue is expected to take a hit.

That could be why Discover Financial Services is striking while the iron is still hot.

Read More: Student Credit Cards — Safe Rules for Millennials

In an attempt to become a bigger brand on campus, Discover announced in May that its private-student-loan borrowers with a 3.0 GPA will get cash back equivalent to 1% of their loan amounts.

The company also unveiled a new version of the Discover Card, its flagship offering that specifically...

Former JPMorgan Chase Managing Director Joins Circle

December 17th, 2014 by Admin

Former global head and managing director at JPMorgan Chase, Paul Camp, joins Circle Internet Financial as corporate treasurer, executive vice preside of financial operations, and CFO.

Were been interested in trying to find an additional partner on the team with highly relevant leadership capacity, stated Circles founder and CEO Jeremy Allaire.

Paul had grown up in that core payments infrastructure. That was really a key piece of what we were looking for.

As reported by The New York Times, Paul Camp was chosen after a yearlong process and will enrich Circle with his 18+ years of expertise in the banking industry, which includes former...