GLG News by Sub-Prime Auto Lending Experts

There’s little not to like in MasterCard’s evolving top and bottom line growth story, a story they could well – indeed should, beat, if! they can contain regulatory threats

MasterCard’s  revamped top and bottom line growth forecasts are eminently achievable, assuming it can contain or better yet roll back regulatory restrictions.

The card payment networks have been gradually stepping up their game as commercial enterprises and the markets have come to recognize the global payment networks’ immense intrinsic operating leverage, pricing power, growth prospects, and defensibility, and therefore value.  However neither MasterCard...

The acquisition of 50% of Eufiserv’s processor reminds that notwithstanding LBO distractions, First Data remains the most consequential payment processor and leading consolidator in Europe, and a potential threat to MasterCard’s and Visa EU’s processing businesses. First Data’s challenge is to simultaneously...

Discover is soldiering away on its path to merchant acceptance parity with MasterCard and Visa in the US. Closing the acceptance gap will produce greater cardholder spend and richer interchange, thereby enriching Discover’s value proposition for third-party issuers, which in turn will enhance the value...

1. Good sales people do not necessarily make good bankers. 2. Part of the credit crisis can be attributed to deliver under pressure (competition and otherwise) 'excellent' customer service and settle deals fast by pushing 'discretionary' waivers.

The Federal Reserve and FTC proposed a requirement for lenders to notify borrowers with damaged credit of their reasons for offering less than favorable interest rates. Currently, consumers seeking loans and lines of credit have only a vague idea of why a lender offers them a specific rate. With this...

The FICO score is a valuable component in the underwriting process.   However, if a lender uses it to the exclusion of other standard industry best practices, the result will be an under performing portfolio.  Create a sound, comprehensive underwriting process and new...

Money transfer Goliath Western Union is moving to co-opt the threat posed by hybrid mobile phone/stored value card person-to-person remittances. At a minimum Western Union’s new service is a validation of remote mobile phone-based money transfer and makes it likely it will achieve meaningful market...

1. Stock market takes over microfinance. 2. Microfinance moves from donor to investor.