Search Results for: bankruptcy

January CMI Reflects Some of the Best Credit Conditions of the Past Two Decades
Fintech News

January CMI Reflects Some of the Best Credit Conditions of the Past Two Decades

Fintech News Desk
by Fintech News Desk0
The Credit Managers’ Index from the National Association of Credit Management signals a slow start to 2022. Although 2021 ended with its strongest December reading for NACM’s Credit Managers’ Index since its inception, January’s combined score took a 1.8-point fall to 56.9 month on month. The drop indicates a slow start to......
Seadrill New Finance Limited (To Be Renamed Paratus Energy Services Ltd.) (The “Issuer”) Announces Emergence From Chapter 11
Finance News

Seadrill New Finance Limited (To Be Renamed Paratus Energy Services Ltd.) (The “Issuer”) Announces Emergence From Chapter 11

Fintech News Desk
by Fintech News Desk0
Seadrill Limited (“Seadrill” or the “Company”) and the Issuer announce that the Issuer has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization (the “Plan”). Latest Fintech Insights: CryptGain Introduces Attractive Margin Loans to Account Holders As previously announced, the Plan was......
CFPB Issues Bulletin on ‘No Surprises Act’ to Stop Unlawful Medical Debt Collection
Consumer protection laws Credit Bureaus debt collection Featured News Risk Management

CFPB Issues Bulletin on ‘No Surprises Act’ to Stop Unlawful Medical Debt Collection

Sudipto Ghosh
by Sudipto Ghosh0
Thanks to Consumer Financial Protection Bureau (CFPB), consumers availing of emergency medical services will get more protection from debt collection and credit bureaus. Last week, the CFPB released a bulletin related to the No Surprises Act. This step was taken to create awareness among debt collection agents and credit bureaus......
Hilco Global Mexico Appointed Primary Servicer of Major Payroll Loan Company in Mexico
Banking News

Hilco Global Mexico Appointed Primary Servicer of Major Payroll Loan Company in Mexico

Fintech News Desk
by Fintech News Desk0
Hilco Terracota, a subsidiary of Hilco Global and Hilco Global Mexico, was appointed as the Primary Servicer of one of the major Payroll Loan Companies in Mexico and Colombia (the “Company”).  The Company has recently filed for Chapter 11 Bankruptcy in the US and Mexico and is undergoing a major restructuring process.  As part of the Company’s restructure, most......
Veem Releases New Pay Later Capabilities for Business Owners
Digital Payments News

Veem Releases New Pay Later Capabilities for Business Owners

Fintech News Desk
by Fintech News Desk0
Veem latest product offerings help small- and medium-sized business owners with cash flow gaps Veem, a leading provider of online payment solutions, has released two new Veem Capital products to help small and medium-sized businesses ramp spending for their operations. Veem has released Pay Later and Pay with Card products......
Stephens Investment Banking Adds Stephen Levitan to Capital Solutions Group
Banking Investments News

Stephens Investment Banking Adds Stephen Levitan to Capital Solutions Group

Fintech News Desk
by Fintech News Desk0
Stephens, an independent financial services firm, announced today the addition of industry veteran Stephen (Steve) Levitan as Managing Director within the Capital Solutions Group of its Investment Banking division. Based in Stephens’ New York office, Mr. Levitan joins with over 40 years of experience in the high yield, leveraged finance......
Five Women-Led Startups Selected for BMO Harris Bank and 1871 WMN•FINtech Program
Featured Finance Fintech News

Five Women-Led Startups Selected for BMO Harris Bank and 1871 WMN•FINtech Program

Fintech News Desk
by Fintech News Desk0
Cohort represents diverse financial technologies, including tools for homeownership, healthcare planning, small/midsize business accounting, supply chain and estate planning BMO Harris Bank and 1871 are proud to announce the five participating companies selected to join their 2021 WMN•FINtech Program. WMN•FINtech is a fintech industry program for women-founded and -led startups......
WallStreetBets Launches Blockchain-powered Application to Decentralize Indices
Blockchain Fintech News

WallStreetBets Launches Blockchain-powered Application to Decentralize Indices

Fintech News Desk
by Fintech News Desk0
Grassroots movement is creating exchange-traded portfolios (ETPs) for maximizing access and rooting out corruption WallStreetBets, the iconic grassroots movement that gained international prominence by bringing powerful hedge funds to their knees, announced today plans for using blockchain technology in a product aimed at combating market manipulation in traditional finance. The step......
African Development Bank President Adesina calls for African Financial Stabilization Mechanism
Banking Featured Finance Fintech News

African Development Bank President Adesina calls for African Financial Stabilization Mechanism

Fintech News Desk
by Fintech News Desk0
Africa’s collective debt now stands at 70% of the continent’s gross domestic product (GDP) African Development Bank President Akinwumi Adesina, recipient of the 2017 World Food Prize, and Professor Joseph E. Stiglitz, recipient of the 2001 Nobel Memorial Prize in Economic Sciences, have called for a quick and comprehensive plan for......
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