Friday, November 27, 2020
Virgin Atlantic has successfully obtained a £1.2 billion rescue deal after a group of creditors moved to back the airlines after being affected by the virus pandemic. According to The Guardian, 90% of the trade creditors voted in favor...
Malayan Banking Bhd (Maybank) has partnered with ride-hailing and payments solution giant Grab, as well as global payment provider Mastercard, to launch the Maybank Grab Mastercard Platinum credit card in Malaysia. The launching of a new co-branded financial product comes...
With the heightened online purchases due to the pandemic, the UnionBank of the Philippines tandems with Singapore-based e-commerce website Lazada for a new credit card. The UnionBank Lazada Credit Card debuted last Monday, Aug. 10, brings together points-earning and secured...
The Department for Work and Pensions (DWP) announced a plan to reform the Universal Credit to recover £6 billion tax credit debt. The British government department forwarded the reports on the design and implementation that affect the wellbeing of the...
The New York Senate passed a bill on Wednesday, July 22, allowing consumers to enjoy a 90-day grace period to redeem credit card rewards. Known as the S7104A, the act makes it easier for cardholders to close or modify existing...
Virtual payment card startup company, Privacy.com, announced Wednesday, July 15, 2020, its successful Series A investment round. The firm was able to raise a total of $10.2 million. The startup company is primarily involved in providing individuals with uniquely-generated virtual...
Chicago Atlantic Group affiliate Green Ivy Capital has revealed that it will be serving as the sole lead arranger and administrator for a credit facility for Verano Holdings $30 million, said PR Newswire. Other institutional lenders will participate in...
US-based Elevate Credit, a provider of online credit solutions to non-prime consumers, announced Monday that its wholly-owned UK unit, Elevate Credit International Limited (ECIL), is set to withdraw from the UK market effective June 29, 2020. According to the company,...
The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, has announced an extended credit freeze for another three months following the rise of consumers struggling to pay their credit loans. The new deadline for credit and loan payments...
Credit card issuer Discover reveals that despite available defer payment options, credit card customers are paying their balances. According to the company, defer payments massively dropped by 90 percent, from April until early June, indicating ease in payment distress....

RECENT POSTS