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Assessing Global Cash Flow Post Pandemic

Abrigo

Takeaway 1 Global cash flow can provide a more holistic lending picture as lending decisions have become more complex. Many financial institutions use global cash flow analysis in their lending process. A common misstep seen in lending departments is the belief that a guarantor improves an applicant’s credit quality.

Analysis 195
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How Diversified Revenue Streams Impact Ag Borrowers

Abrigo

You might also like this webinar, How the 2021 Roadmap for Producers will Influence Ag Lending. We always advise landowners to undergo an assessment to protect these funds from taxes and help them to create entity strategies or fund new equipment for the greatest value. Stay up-to-date on the latest on ag lending trends.

Lending 195
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Saving Main Street: Advocacy Groups Propose New Government Relief Programs

PYMNTS

Most small businesses don’t have a lending relationship with a bank. In comparison, small businesses selling similar products were forced to close. In Washington State, Frey said that “for every $1 it invests in a Main Street program, there is a $13 return to the public coffer” in the form of taxes and fees.

Maine 142
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FICO’s New Groove

PYMNTS

According to an FTC report in 2013, a full 20 percent of consumers have an error on at least one of their three major credit reports. The state-based settlements also meant all three agencies will have to remove medical debt collections that have been paid by a patient’s insurance company from credit reports by 2018.

Taxes 100
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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

The National Association of Realtors reported that sales of previously owned homes declined 2.4% Census Bureau reports advanced estimates that retail sales were down 1.2% Census Bureau reports advanced estimates that retail sales were down 1.2% But according to the Federal Reserve, unemployment is expected to rise to 4.3-4.9%

Trends 52
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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

Other prepaid accounts covered by the new rule include: payroll cards; student financial aid disbursement cards; tax refund cards; and certain federal, state, and local government benefit cards such as those used to distribute unemployment insurance and child support.

Cards 189
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Oportun Personal Loans Review: For Borrowers With No Credit

MyBankTracker

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. You can receive the money in the following ways: mailed check prepaid debit card direct deposit to your bank account Reporting the Loan to Credit Bureaus.

Idaho 52