Report: Kashkari Claims Fed In Holding Pattern But Speed Cut Still Possible
Fed Officials Signal Optimism In United States Economy Reiterate Rates Probably On Hold
After Curbing volatility that is year-End Fed Weighs Future Of Repo Operations
FOMC Minutes Recommend Fed More Comfortable With Maintaining Rates Flat ‘For Some Time’
- 10 Oct, 2017 | 15:30
No Losers In Navient’s Earnest Entrance Towards Education Loan Refinancing
- Writer Eric Turner
- Theme Fintech
- Segment Banking
- Tags Fintech
Loan management and servicing giant Navient Corp. ‘s contract to buy student-focused electronic lender Earnest Operations LLC for $155 million in cash markings the very first high-profile acquisition of the lending platform that is digital.
Oct. 10 2017 — Loan management and servicing giant Navient Corp. ‘s contract to acquire student-focused electronic lender Earnest Operations LLC for $155 million in cash markings the initial high-profile acquisition of a lending platform that is digital.
While the sector happens to be attempting to find itself and lending that is digital activity has remained stagnant, the offer represents a victory for many events included. Navient should be able to offer loan that is consumer-facing constructed on advanced level analytics, while Earnest will leverage the total amount sheet of a bigger organization. Earnest’s investors will even win to varying degrees, owning a tiny return on their initial assets.
This particular deal will be the future for digital financing as platforms check out improve development after a hardcore 2016 and banking institutions are hungry for the technology why these businesses created. (more…)