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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. Gilbert, owner of the Cleveland Cavaliers and founder of Quicken Loans will retain 79 percent of the voting power of the company’s common stock through controlling entities, the SEC filing shows.

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Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. Cleveland’s Dark Outlook. But paired with other data, the news looks pretty grim.

Study 101
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Pandemic: No Problem. And Messages From Our Financial Services Providers

Jeff For Banks

Highlight charities and wealthier individuals that are supporting the same, such as Kevin Love of the Cleveland Cavaliers donating $100,000 to support arena workers. Contact Information: BBT.com Find up-to-date branch hours and other information to manage your accounts 800.BANK.BBT Not hoarding.

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Fizzle Of The Week: Economic Cooperation (The Trade Kind, That Is)

PYMNTS

Oh, and we’ve managed to peeve any number of folks in the European Union, which has a list of goods, from whiskey to blue jeans (as has been noted time and again in the press) that will be slapped with retaliation. The net result is that those costs get passed on somehow and somewhere. More from the administration in terms of foresight?

New York 101