GlobeNewswire - Industry News on Consumer Finance

Holding(s) in Company

Fri, 05 Feb 2021 17:49 GMT

TR-1: Standard form for notification of major holdings

Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility

Wed, 03 Feb 2021 21:02 GMT

Southfield, Michigan, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $400.0 million revolving secured warehouse facility will cease to revolve from July 12, 2022 to April 30, 2024. There were no other material changes to the terms of the facility.

Nicholas Financial Reports 3rd Quarter Fiscal Year 2021 Results

Wed, 03 Feb 2021 13:30 GMT

CLEARWATER, Fla., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) announced net income for the three months ended December 31, 2020 of $3.8 million compared to $0.3 million for the three months ended December 31, 2019. Diluted net income per share was $0.49 for the three months ended December 31, 2020 as compared to $0.04 for the three months ended December 31, 2019. Total revenue decreased 3.3% to $14.5 million for the three months ended December 31, 2020 as compared to $15.0 million for the three months ended December 31, 2019, which included realized gains of $0.2 million and unrealized gains of $1.1 million on equity investments during the three months ended December 31, 2020. The Company reported income before income taxes for the three months ended December 31, 2020 of $5.0 million compared to $0.5 million for the three months ended December 31, 2019. The Company recorded an income tax expense of approximately $1.2 million during the three months ended December 31, 2020 compared to an income tax expense of $0.2 million during the three months ended December 31, 2019.

Credit Acceptance Named a 2021 Top Workplaces USA Award Winner

Tue, 02 Feb 2021 21:02 GMT

Southfield, Michigan, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a 2021 Top Workplaces USA Award winner.

Credit Acceptance Announces Fourth Quarter and Full Year 2020 Results

Mon, 01 Feb 2021 21:01 GMT

Southfield, Michigan, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $166.3 million, or $9.43 per diluted share, for the three months ended December?31, 2020 compared to consolidated net income of $161.9 million, or $8.60 per diluted share, for the same period in 2019. For the year ended December?31, 2020, consolidated net income was $421.0 million, or $23.47 per diluted share, compared to consolidated net income of $656.1 million, or $34.57 per diluted share, for the same period in 2019.

Willis Lease Purchases 25 GTF? Engines from Pratt & Whitney

Mon, 01 Feb 2021 20:15 GMT

COCONUT CREEK, Fla., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ("Willis Lease") announced that it purchased twenty-five PW1100G-JM and PW1500G GTF? aircraft engines from Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX), and an affiliate company in December 2020. The transaction also includes a long-term maintenance and support agreement with Pratt & Whitney and an affiliate company, enabling Willis Lease to offer engines maintained to the highest quality standard through Pratt & Whitney’s GTF MRO network. The engines, together with associated maintenance, are valued at over $400 million.

Virginia529 Launches New Savings Option that Keeps Pace with Tuition Growth

Mon, 01 Feb 2021 15:41 GMT

Richmond, Va., Feb. 01, 2021 (GLOBE NEWSWIRE) -- College costs have increased consistently over the last three decades, leading many families to wonder whether it is possible to save for their children’s futures when the tuition price tag feels like a moving target. Virginia529, the largest 529 plan in the country with almost 3 million accounts, has offered education savings solutions to families for almost 25 years. Today, it announces a new savings option designed to provide an affordable way families can save for their children’s future and keep up with rising tuition costs.

Credit Acceptance Announces Completion of $100.0 Million Asset-Backed Financing and Extension of $300.0 Million Revolving Secured Warehouse Facility

Fri, 29 Jan 2021 21:02 GMT

Southfield, Michigan, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $100.0 million asset-backed non-recourse secured financing (the “Financing”).? Pursuant to this transaction, we contributed approximately $125.1 million of loans to a wholly-owned special purpose entity that will pledge the loans to an institutional lender under a loan and security agreement.

Result of General Meeting

Thu, 28 Jan 2021 13:50 GMT

LEI: 213800ZBKL9BHSL2K459

CPS Announces $230.5 Million Senior Subordinate Asset-Backed Securitization

Wed, 27 Jan 2021 20:29 GMT

LAS VEGAS, Nevada, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of its first term securitization in 2021. The transaction is CPS's 38th senior subordinate securitization since the beginning of 2011 and the 21st consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2020 Earnings Release and Webcast

Mon, 25 Jan 2021 21:02 GMT

Southfield, Michigan, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our fourth quarter and full year 2020 earnings on Monday, February 1, 2021, after the market closes.?

Nicholas Financial’s Milwaukee Grand Opening

Mon, 25 Jan 2021 13:30 GMT

CLEARWATER, Fla., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) – an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer – announced today a grand opening celebration for our latest expansion branch office in Milwaukee, Wisconsin at 800 West Layton Avenue, Unit D on January 26, 2021. The official ribbon cutting ceremony will commerce at 4:00 pm and the celebration will continue until 6:30 pm. Please contact the local office at 414-377-7199 for more information regarding the event.

OneSavings Bank plc - Interest Rate reset on the ￡22,000,000 Perpetual Subordinated Bonds

Thu, 21 Jan 2021 17:45 GMT

LEI: 213800WTQKOQI8ELD692

Vancity announces Christine Bergeron as President and CEO

Mon, 18 Jan 2021 18:00 GMT

COAST SALISH TERRITORY and VANCOUVER, British Columbia, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Vancity’s board of directors has named Christine Bergeron as its next president and chief executive officer. Christine has served as Vancity’s Interim President and CEO since July 1, 2020 and has held senior leadership roles within the organization since 2013.?

Ferratum Oyj - Managers' Transactions

Fri, 15 Jan 2021 18:00 GMT

Bayport Management Limited - Appointment of New Chief Executive Officer

Fri, 15 Jan 2021 08:00 GMT

The Board of Bayport Management Ltd (“BML” or the “Company”) wishes to apprise its shareholders and the general public that Christopher Blandford-Newson has been appointed as the new Chief Executive Officer of the Company, effective January 2021. Christopher has served as an independent non-executive director on the Board since June 2019.

Circular and Notice of General Meeting

Mon, 11 Jan 2021 17:00 GMT

LEI: 213800ZBKL9BHSL2K459

Proposed reduction of the nominal value of OSB Group Shares from three-hundred and four (304) pence each to one (1) penny each (the “Capital Reduction”) and publication of Circular and Notice of General Meeting

Mon, 11 Jan 2021 16:00 GMT

LEI: 213800ZBKL9BHSL2K459

Ease2pay NV announces closing of €1.3m private placement

Fri, 08 Jan 2021 17:00 GMT

January 8, 2021

Vancity sets ambitious climate commitments with aim to achieve net-zero by 2040

Thu, 07 Jan 2021 12:00 GMT

Commitments tackle emissions and address social and economic inequity tied to the climate crisis

Commitments tackle emissions and address social and economic inequity tied to the climate crisis