Press release: renewal of the Flexible Credit Line for Colombia

Today the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Colombia. Afterward, an informal meeting was held to discuss the country’s Flexible Credit Line (FCL). At the end of the meeting, Kristalina Georgieva, IMF Managing Director, issued a statement recommending to the IMF Executive Board to approve the FCL for Colombia in response to...

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Figure Says Fed Rate Cut Drove 300% Increase in Online Applications for Lending Business

SAN FRANCISCO–(BUSINESS WIRE[1])–Figure Technologies, Inc.[2], a leader in transforming lending through the power of blockchain technology, announced today it has seen loan applications soar by 300 percent since the Federal Reserve stimulus rate cut, pushing the amount of loans it has funded to over $1 billion. “The 300 percent increase in applications suggests consumers are eager to take advantage of...

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Banks boost borrowers’ card limits without telling them, report finds

Dive Brief: Banks are raising the borrowing limit on customers’ credit cards without their knowledge, a Bloomberg report[1] indicated Thursday. Outstanding card borrowing reached a record $880 billion[2] at the end of September, according to a November report from the Federal Reserve Bank of New York. Capital One analysis showed customers use the same percentage of their credit line before or after...

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Braemar Hotels & Resorts Announces New $75 Million Revolving Credit Facility

DALLAS, Oct. 28, 2019 /PRNewswire/ — Braemar Hotels & Resorts Inc. (NYSE: BHR[1]) (“Braemar” or the “Company”) announced today that it has entered into a new $75 million secured credit facility which replaces the Company’s previous credit facility that was scheduled to mature next month.  The new credit facility provides for a three-year revolving line of credit and bears interest at a range...

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