Page 3 - Consumer Leasing News Today

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19...

The CFPB, Fed, and OCC have published notices in the Federal Register announcing that they are increasing three exemption thresholds that are subject to annual inflation adjustments. ...

<p><span>The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2022 are exempt from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).</span></p>

How to provide financial services to limited-English proficiency (“LEP”) consumers has become a pressing legal issue. Both federal and state laws provide requirements and limitations...

Read more about Winmore Leasing & Holdings reports consolidated net loss of Rs 4.45 crore in the March 2021 quarter on Business Standard. Sales decline 12.86% to Rs 6.10 crore

Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21 due to decline in credit ratings and escalated risk of default on COVID-19 induced disruptions in capital intensive businesses. Going forward, experts say, the ongoing financial year (2021-22) will see some attractive numbers in non-convertible debenture (NCD) fund raising. " We should see money mobilization through NCD route to the tune of 2018-19 levels in FY22 as many companies are entering capex ...

Indian Bank rose 1.15% to Rs 140.75 after the bank said its board accorded in-principal approval for partial or full disinvestment of banks stake in joint venture, ASREC (India).The bank holds a 38.26% stake in ASREC (India) and the decision to divest stake is part of monetisation of the banks non- core assets. Apart from Indian Bank, LIC of India, Bank of India, Union Bank of India and Deutsche Bank are the other shareholders in the company. ASREC (India) acquires non performing assets (NPAs)...

Read more about Indian Bank to divest stake in asset reconstruction JV ASREC India on Business Standard. State-owned Indian Bank on Friday said it will divest stake in joint venture entity ASREC (India) Ltd as part of asset monetisation exercise.The bank holds a 38.26 per cent stake in ASREC (India) Ltd.As part of the monetisation of the banks