The Receivables Exchange Stands Ready to Fill the Liquidity Gap in CIT Fallout

NEW ORLEANS – As CIT struggles to gain bondholder support to avoid bankruptcy, the nation’s small and midsize businesses (SMBs) are turning to other forms of financing to fund their day-to-day operations. While CIT’s uncertain outcome had left many of the nearly one million businesses that rely on the lender for working capital – particularly […]

Fitch: U.S. Credit Card Performance Measures Mixed as Chargeoffs Drop

NEW YORK–U.S. credit card performance measures exhibited mixed results last month with chargeoffs declining for the second time in three months while delinquencies resumed their upward trends according to the latest Credit Card Index results from Fitch Ratings. The results come as consumers continue suffer from high unemployment rates and a lack of credit availability. […]