January 29, 2020
MoviePass, Parent Helios Seek Bankruptcy Protection

Helios and Matheson Analytics, the parent company of MoviePass, said on Wednesday (Jan. 29) that both companies and their affiliates have filed for Chapter 7 bankruptcy. In a filing with...

January 29, 2020
Widening Borrower Protection’s Scope To SMBs

Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include a lack of transparency and...

January 28, 2020
Aussie Telecom’s Supply Chain Financing Criticized

Australian telecommunications giant Telstra neglected to tell its smaller suppliers in a timely manner that they would be moved to supply chain ­financing, The Australian reported on Tuesday (Jan. 28)....

January 28, 2020
Restaurant Competition Forces Bakers Square, Village Inn Into Bankruptcy

The Village Inn and Bakers Square restaurant chains, after years of losses, filed for bankruptcy on Monday (Jan. 27), The Wall Street Journal reported. The Nashville, Tennessee-based company faced multiple...

January 27, 2020
Mid-Market Gyms Struggle Against Boutique Options

Despite increased attendance and a spike in the fitness industry, some middle-market fitness gyms are struggling with debt, according to a report by Bloomberg. Gyms like Town Sports and 24...

January 27, 2020
Data Dive, New Offerings Edition: Square, FICO And Mastercard

With so much happening on the world stage between Davos and the Lunar New Year, headlines in the U.S. last week might have run the risk of fading into the...

January 27, 2020
Nav CEO: Helping SMBs Avoid Online Lending Pitfalls

In the wake of the financial crisis, banks’ pullback from small- to medium-sized business (SMB) lending yielded a flood of technology-driven players stepping in to fill the SMB credit gap....

January 27, 2020
CFPB’s 2020: Drawing A Bead On Abusive Practices — And...

For the Consumer Financial Protection Bureau (CFPB), 2020 may be a landmark year. There’s the looming question over the agency’s very constitutionality, recent definitions of what equates to “abusive” practices...

January 24, 2020
BankUnited Blames Food Delivery Apps For Restaurant Debt Stress

U.S. bank BankUnited says restaurant debt in its small business loan portfolios is showing signs of stress, and is blaming food delivery apps like Uber Eats for the problem. According...