Credit Lines news and trends

New Fiserv Program Aims To Cover Residential And Commercial Rent
Alternative Credit // June 04, 2020

For individuals and small businesses that are having trouble covering the rent during the COVID-19 economic collapse, but might have a credit card or line of credit with available funds, Fiserv says it has a solution. The company said its new FlexLine Advance program will allow consumers...

Banks Look To Shoot Down Firms’ Revolver Drawdowns
Loans // March 30, 2020

For banks seeking to protect profits – and liquidity – keeping corporate clients from drawing down credit lines may be one way to brace against the volatility wrought by COVID-19. As Bloomberg reported on Monday (March 30), large U.S. banks have been “quietly discouraging” borrowers...

Big Businesses Tap $124B From Credit Lines To Stay Afloat
Coronavirus // March 25, 2020

Over 130 businesses across Europe, North America and South America have drawn cash from at least $124.1 billion in credit lines to stay afloat during the coronavirus crisis.   The figure for funds borrowed is probably much more than disclosed, The Financial Times reported on Wednesday (March...

Tangerine Bank Offers Credit Lines To Become Canada’s Everyday Bank
Banking // April 14, 2017

Tangerine Bank, the digital lender owned by Bank of Nova Scotia, announced it will be offering credit lines in an effort to increase revenue through additional product offerings, according to Bloomberg. “We don’t see this as a difficult product to develop, so we will be launching...

Quick Reads
New Fiserv Program Aims To Cover Residential And Commercial Rent

June 04, 2020
For individuals and small businesses that are having trouble covering the rent during the COVID-19 economic collapse, but might have a credit card or line of credit with available funds, Fiserv says it has a solution. The company said its new FlexLine Advance program will allow consumers and businesses to “swiftly and affordably access funds from existing […]

Big Businesses Tap $124B From Credit Lines To Stay Afloat

March 25, 2020
Over 130 businesses across Europe, North America and South America have drawn cash from at least $124.1 billion in credit lines to stay afloat during the coronavirus crisis.   The figure for...

Tangerine Bank Offers Credit Lines To Become Canada’s Everyday Bank

April 14, 2017
Tangerine Bank, the digital lender owned by Bank of Nova Scotia, announced it will be offering credit lines in an effort to increase revenue through additional product offerings, according to Bloomberg....