Sizzle Square: The firm, touted by some on the sell side as “FinTech’s best idea,” had a stock boost this week. At the same time, news has emerged that Square has filed a patent to help merchants accept bitcoin and other cryptos at its POS...
The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places. And if one is looking for places where that shift can be seen most acutely, it’s the consumer’s relationship to credit...
Elevate, the subprime lender based in the U.S., is considering launching an initial public offering (IPO) again thanks to the rally in financial stocks since President Donald Trump won the election. According to The Financial Times, Elevate is mulling the IPO to cash in on an...
August 18, 2017
The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places. And if one is looking for places where that shift can be seen most acutely, it’s the consumer’s relationship to credit and household debt. “There was a huge deleveraging after the […]
February 26, 2023
Subprime lender American Car Center has reportedly closed amid a rise in auto loan delinquencies. The Memphis-based used car seller notified employees Friday (Feb. 24) that it was shutting down its operations, closing its headquarters, and firing its workers, Bloomberg News reported, citing people familiar with the matter. The same sources say the closure email […]
March 31, 2017
Elevate, the subprime lender based in the U.S., is considering launching an initial public offering (IPO) again thanks to the rally in financial stocks since President Donald Trump won the...
