Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
Big data is more than a buzzword to banks. Rhode Island-based Citizens Bank is just one regional institution that has used data scientists and analytics to build a platform which has enhanced bank earnings by targeting product offerings to customers in the market for them. In the future, fintechs with expertise in big data might make natural partners wanting to follow Citizens’ lead to generate deposits and loans
Banks and credit unions who have outstanding New York City taxi medallion loans are suffering due to the drops in the price of taxi medallions in the wake of disruption from ride-hailing apps such as Uber and Lyft. Many of these financial institutions have closed or been acquired
Banks have traditionally not been able to offer small, short-term loans with higher interest rates than personal loans or credit cards of the type often dubbed "payday" loans. However, the market is underserved currently. U.S. Bank has recently rolled out a product for this market.
The 18th annual Auto Finance Summit is the premier industry event, bringing together the best and brightest executives in auto lending and leasing to discuss the most pressing issues facing the industry.
This conference brings together the industries top leaders, innovators, experts and change makers. We’ll explore the ever-evolving landscape of challenges and opportunities in consumer lending. Receive the latest on the political landscape, compliance and regulatory challenges, business trends, and enjoy plenty of unique networking opportunities with senior industry professionals.
The Trigild Fall Lender Conference attracts Lenders, Attorneys, Asset Managers, Investors, Special Servicers and Nonperforming Loan Buyers from across the country. Don't miss this opportunity join colleagues and other industry experts to exchange and share perspectives to strengthen best practices to the benefit of the entire industry.
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.
Loan sales can significantly benefit banks and other financial institutions, whether these organizations want to bolster their income by buying portfolios or free themselves up to issue more credit by selling them. However, sellers will need to be familiar with the current compliance environment, which is intricate and constantly evolving. Sales that fail to address and successfully navigate this framework of rules and regulations can run into many different problems...
“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…”