Sallie Mae to Push Private Lending

 Embattled student lender Sallie Mae reported yesterday it would expand in the private loan market, a sector that has grown in recent years along with the price of college tuition. Sallie Mae, known formally as SLM Corp., reported its plans in filings with the U.S. Securities and Exchange Commission. Reston, Va.-based Sallie Mae also reported […]

Encore Expands Lending Deal to $300 Million

Debt purchaser and collector Encore Capital Group (Nasdaq: ECPG) yesterday reported it had expanded the size of its lending agreement to $230 million with an additional $70 million in availability. According to Encore’s filing with the U.S. Securities and Exchange Commission, its amended lending agreement now covers the following: JPMorgan Chase with $47.5 million available,Bank […]

Executive Change: Synovus Moves Execs to TSYS

Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, recently announced the following executive changes related to the upcoming spin-off of TSYS. G. Sanders Griffith III, Synovus Senior Executive Vice President, General Counsel and Secretary, wil transition to TSYS to serve as Senior Executive Vice President, General Counsel and Secretary. Paul M. Todd, Synovus Executive […]

PR – “Delinquency Budget” to Rise, So Banks Plan to Spend More on Collections: Survey

Online Resources Corporation (Nasdaq:ORCC), a leading provider of web-based financial services, released recently the results of a survey of U.S. households and billers regarding the effect of the current mortgage crisis on bill payment and collection patterns. The survey shows that fallout from the mortgage sector is spilling over into the broader economy, impacting companies […]