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| December 17, 2018

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Lenders Archives -

Sears, Lenders Nearing Deal to Keep Some Stores Open

October 12, 2018 |

Sears Holdings is inching closer to a deal with lenders about a bankruptcy plan that would close at least 150 stores and provide a lifeline loan to keep a small footprint of around 300 locations open.
WSJ.com: US Business

Big Lenders Make Push to Liquidate Sears

October 11, 2018 |

Sears Holdings met with lenders to discuss emergency financing for the retailer. Lenders are pushing for the company to liquidate its assets. The meeting ended without an agreement.
WSJ.com: US Business

150% interest on a loan? Consumer advocates hope the threat of a ballot measure will get lenders to ease up

October 4, 2018 |

When LendMark started offering subprime loans to California residents a few years ago, it noticed something odd: a vast and growing number of big loans offered by rival firms at interest rates of 100% or higher, and relatively few smaller, cheaper loans.

To executives at the suburban Atlanta company,…


L.A. Times – Business

Toys R Us lenders file a plan to revive the brand

October 3, 2018 |

Geoffrey the Giraffe may be coming back to life.

The Toys R Us Inc. lenders that took control of the retailer during its liquidation — and have faced criticism for their role in the shutdown — are now working on resuscitating the brand, according to new court documents.

In a bankruptcy court filing…


L.A. Times – Business

California regulator probes links between high-cost lenders and consumer finance sites

September 26, 2018 |

The state’s top financial regulator launched an investigation Wednesday of high-cost consumer lenders after the failure of several bills in the Legislature that would have tightened oversight of the industry.

The Department of Business Oversight sent letters to 20 high-interest lenders, asking…


L.A. Times – Business

New York sues U.S., saying it’s ‘reckless folly’ to let online lenders have national bank charters

September 17, 2018 |

New York has sued the United States over a decision to allow financial technology companies to apply for special national banking charters, saying the move is “lawless” and “ill-conceived” and will destabilize financial markets that are more effectively regulated by the state.

Maria Vullo, superintendent…


L.A. Times – Business

PR: Coinloan Opens Platform to Bridge Gap Between Lenders and Borrower

July 28, 2018 |

Coinloan Opens Platform to Bridge Gap Between Lenders and Borrower

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

CoinLoan, an Estonia-based startup, has launched a crypto-to-fiat lending platform where cryptocurrency is used as collateral. From now on, crypto-backed loans are available for users all over the world. On CoinLoan, everyone can become a lender or a borrower, on his or her own terms. The platform’s primary objective is to link counteroffers and ensure the safety of the deal.

“A user-centric approach has always been a priority for us. It makes us unique in comparison with other fintech startups popping up these days. At the moment, CoinLoan offers the most flexible conditions in the lending market. The main advantage of the project is that it is based on the P2P economy. It means anyone can lend or borrow controlling the terms individually.” said Alex Faliushin, Founder & CEO at CoinLoan.

“For instance, we asked our audience about their demands and saw a request in micro, medium and large loans as well. That’s why on CoinLoan every user can create a loan application according to his/her current needs, whether for a €500 short-term loan or a big deal”, he added.

CoinLoan creates a win-win situation for both parties. Crypto collateral protects lender’s fiat funds from the risks of non-repayment. Borrowers get a loan regardless of their credit history and don’t need to choose between holding their crypto and getting access to money. Every user has an opportunity to customize an amount and term of a loan, fiat currency to lend or crypto asset for a collateral, interest rate and loan-to-value ratio.

The very first loan agreements have been successfully concluded, as claimed by the company. Licenses, credit history checks or solvency proofs are not required for borrowing or providing a loan. It is enough to register and verify an account for creating a lending or borrowing application. If there is a suitable counteroffer, the applications will be matched and the user will receive fiat money almost instantly.

Learn more about CoinLoan:

• Follow the link to start lending and borrowing on CoinLoan – https://app.coinloan.io
• Join CoinLoan’s Telegram group for updates & discussions – https://t.me/coinloan
• Contact us with your questions or feedback via support@coinloan.io

Supporting Link
https://coinloan.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Coinloan Opens Platform to Bridge Gap Between Lenders and Borrower appeared first on Bitcoin News.

Bitcoin News

State fines lenders for pushing borrowers into high-cost loans

March 13, 2018 |

High-cost lender Advance America will pay refunds to hundreds of California customers after a state regulator accused the firm of charging illegally high interest rates topping 100%.

The action, announced Monday, comes a few months after the Department of Business Oversight took actions against…


L.A. Times – Business

Under Trump, payday lenders and consumer protection agency exhibit cozier relationship

March 6, 2018 |

The former chief executive of a payday lending company that had been under investigation by the Consumer Financial Protection Bureau has asked to be considered for the top job at the watchdog agency.

Such a request would have been extraordinary in the years when the agency was run by an Obama appointee…


L.A. Times – Business

In bizarre reversal under Trump, consumer agency reveals moves to protect payday lenders

January 19, 2018 |

In what would be a laughable move if it wasn’t so incredibly tragic, the Trump administration’s newly emasculated Consumer Financial Protection Bureau this week sided with payday lenders over consumers.

You heard right. The CFPB, now led by an appointee of a businessman-politician whose companies…


L.A. Times – Business