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eCredable and WilliamPaid Partner on Credit Building Platform 23 Aug 2013 | 02:03 am
Two of the larger independent credit building products, eCredable and WilliamPaid, intend to make an announcement tomorrow that they will offer their services on a common platform. WilliamPaid current...
Bank Notes: Liberty Tax, H&R Block 22 Aug 2013 | 03:19 am
Liberty Tax to restate financials: Liberty Tax’s parent, JTH Holding, Inc. (TAX) says that its accounting firm (KPMG) has determined that the financials from its most recent annual report are not reli...
No Bounce from Bieber for SpendSmart 21 Aug 2013 | 02:30 am
While it has now been three months since Justin Bieber made his first promotional video for SpendSmart and nine months since he signed his $3.75 million contract to endorse the company’s BillMyParent’...
PerkStreet Financial Closing Accounts 20 Aug 2013 | 12:31 am
PerkStreet, a prepaid card distinguished by its rewards program, has run out of capital and will shut down near the end of next month. What follows for customers depends in part upon when they origina...
Bank Notes: Military Lending Act, CPS, Gainful Employment 13 Aug 2013 | 04:10 pm
Lawmakers set goal to close loopholes in the Military Lending Act: Some lenders have re-designed their products to skirt the interest rate caps built in to the 2007 Military Lending Act. As initially ...
Bank Talk Takes a Vacation 12 Aug 2013 | 05:39 pm
I am taking a vacation this week. I will have only one entry this week. I will be back on the week of the 19th! Tweet The post Bank Talk Takes a Vacation appeared first on Bank Talk.
MetaBank and Liberty Tax Create MyTurn Secured Card 7 Aug 2013 | 09:03 pm
In MetaBank’s quarterly filing released yesterday afternoon, one sentence at the top of page 39 stood out: “MPS is developing a number of new products for fiscal year 2014 which includes credit, incom...
Under the Hood at Lending Club 6 Aug 2013 | 09:42 pm
My review of Lending Club’s recent public filing released on July 31st shows that this alternative source of credit serves an upper middle market. The average credit score among the 3,562 notes offere...
Rethinking Secured Card Disclosures 3 Aug 2013 | 01:03 am
I think most people know that lenders use credit scores to underwrite loan applications, but what are the odds that many people actually understand how they are calculated? If they do not, then how sh...
Green Dot Investor Call: Overdraft, Check Cashing 31 Jul 2013 | 08:27 pm
While news from the Green Dot 2nd quarter earnings elicited praise among investors, the most interesting details concerned Steve Streit’s strong statement about overdrafts and the company’s new roll-o...
