Fund

29 million U.S. consumers have used BNPL in the past year

Buy Now, Pay Later (BNPL) services are attracting consumer interest, but more importantly, the payment option is increasingly used. In a recent joint report between PYMNTS and Amazon Web Services (AWS), surveys of over 2,200 consumers showed that not only do consumers find the convenience of BNPL a selling point …

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Hawaii changes the law on small dollar loans

Hawaii recently adopted HB 1192, which amends the state’s Small Dollar Lending Act by setting out a new licensing requirement for “installment lenders” and specifying various consumer protection requirements. The changes, which affect consumer loans of $ 1,500 or less, include a broad definition of “installment lender” that would include …

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KBRA assigns preliminary ratings to Octane Receivables Trust 2021-2

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three categories of tickets issued by Octane Receivables Trust 2021-2 (“OCTL 2021-2”), an ABS powersports equipment loan transaction. OCTL 2021-2 will issue three classes of notes totaling $ 340.0 million. The transaction is expected to be secured by approximately $ 340.0 …

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Cathay General Bancorp (CATY) is due to release results on Monday

Cathay General Bancorp (NASDAQ: CATY) will release its quarterly results after market close on Monday, October 25. Analysts expect Cathay General Bancorp to post earnings of $ 0.91 per share for the quarter. Those interested in registering for the business results conference call can do so by using this link. …

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Marlette approaches market with third 2021 ABS for $ 319 million

Marlette Funding LLC returns to the securitization market with a deal that has many similarities to two somewhat larger deals that the sponsors structured earlier in 2021. Marlette Funding Trust 2021-3, valued at $ 319 million, is divided into four tranches, comprising $ 210 million of “AAA” rated bonds with …

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Installment loans help fuel India’s festive recovery

Consumers in India are multiplying Buy It Now and Pay Later (BNPL) plans to buy everything from washing machines to vacations online, as the country’s longest holiday season kicks off. The popularity of these small loans which typically amount to less than 5,000 rupees (US $ 67) is increasing as …

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