Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
The labor market has had a very positive year, and October was no exception. Roughly 250,000 jobs were added last month and wages climbed modestly, a welcome change from previous periods of stagnating wages. The robust job market is leading to strong business and consumer sentiment and an expanding gross domestic product.
Banks have varying perspectives on the current economy. Some are trimming their sales on credit card issuance and limits; others are growing the balances on credit cards. This could reflect the difference between subprime and affluent borrowers and anxiety about how one or the other group will react to an economic downturn.
Puerto Rico's largest bank turned in strong growth in the just-completed third quarter over year-ago results, which were impacted by Hurricane Maria. The results are a sign of economic recovery on the island, making it attractive for investors.
The forum continues to be the only place where Special Assets, SBA, Credit, Loan Review, Risk Management, Special Servicers & C-level executives can meet to discuss the latest credit and workout issues.
Garnet is proud to once again be an exhibitor at the premier event for the receivables management industry. Debt buyers, originating creditors, collection agencies, law firms, brokers, and affiliates gather for three days of industry education and regulatory updates, networking, and business opportunities.
Garnet Capital is proud to be an exhibitor and a sponsor of this exciting conference, where a meaningful dialogue can be opened to address concerns regarding this dynamic segment of the market.
RMA Magazine Article, November 2018
Small businesses have always had a harder time securing financing than their larger brethren, but these challenges have grown even worse in recent years. As economic conditions have improved, fledgling firms have been seeking additional capital to invest and expand. While demand for credit from this sector is growing, many banks are reluctant to provide them the financing they need. Where else can they turn?
The compliance environment for debt sales has evolved significantly over the years. Focusing on several material components provides a framework for understanding these developments, including how information security, government agencies’ debt sales guidelines and the types of debt involved, have progressed.
“In March and mid-April, loan sale advisory firm Garnet Capital Advisors plans to attend two industry conferences in Florida and New York..."
"Attending the DBA has become the critical kick-off to our year," DiPalma said. "This conference brings important industry participants together and the association focuses on how to promote industry best practices and communication in many ways..."
“To work effectively in the new system, one has to understand the parts of the new regulatory apparatus and how they impact the roles of all parties in the debt sales space…”