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The Lawrence Public Library will again offer the Financial Wellness Clinic, a free financial literacy series, in partnership with Housing and Credit Counseling Services, Inc.

The clinic will consist of a five-part series of workshops, which will provide basic money management and investing information. Each workshop will take place from 7 to 8:30 pm in the Lawrence Public Library auditorium every other Tuesday, starting April 7 and ending June 2.

The April 7 workshop is “Money You: Let’s Get Started”; the April 21 workshop is “The Good — the Bad — and Ugly in Your Credit Report”; the May 5 workshop is “Is it Better to Rent or Buy?”;...

Fitch Rates CIFC Funding 2015-I, Ltd./LLC

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned the following ratings to CIFC Funding 2015-I,
Ltd./LLC:

–$340,000,000 class A-1 senior secured floating rate notes AAAsf;
Outlook Stable;

–$50,000,000 class A-2 senior secured loans AAAsf; Outlook Stable;

–$0 class A-2 senior secured floating rate notes AAAsf; Outlook
Stable.

Fitch does not rate the class A-1-DD, A-2-DD, B, B-DD, C, C-DD, D, D-DD,
E-1, E-1-DD, E-2, E-2-DD, F, F-DD or subordinated notes.

TRANSACTION SUMMARY

CIFC Funding 2015-I, Ltd. (the issuer)...

Fitch to Rate ECP CLO 2015-7, Ltd./LLC; Issues Presale

NEW YORK–(BUSINESS WIRE)–

Fitch Ratings expects to assign the following rating to ECP CLO 2015-7,
Ltd./LLC:

–$321,100,000 class A-1 notes AAAsf; Outlook Stable.

Fitch does not expect to rate the class A-1-F, A-2, A-2-F, B-1, B-1-F,
B-2, B-2-F, C, C-F, D, D-F, E, E-F or subordinated notes.

TRANSACTION SUMMARY

ECP CLO 2015-7, Ltd. (the issuer) and ECP CLO 2015-7 LLC (the co-issuer)
represent an arbitrage cash flow collateralized loan obligation (CLO)
that will be managed by Silvermine Capital Management (Silvermine). A
portion of net proceeds...

Payday lenders brace for crackdown

Payday lenders are pushing back against forthcoming rules for quick-cash loans, contending that a federal crackdown on the much-maligned industry would also harm consumers.

The regulations, a top priority for the Consumer Financial Protection Bureau, are expected to be unveiled as soon as this month. Though the agency has not revealed the scope of the proposal, observers say it is likely to target short-term loans, including those requiring a borrower’s car title as collateral.

Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) has been given an average recommendation of Buy by the six ratings firms that are currently covering the stock, American Banking Market News reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $12.85.

Shares of Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) traded down 0.28% during mid-day trading on Thursday, hitting $10.79. The stock had a trading volume of 9,580 shares. Fifth Street Senior Floating Rate Corp has a 52-week...

Leyte releases P1.4 million fresh loans for rice program

InterAksyon.com means BUSINESS

TACLOBAN CITY – Rice farmers got another boost from the provincial government of Leyte as the latter released fresh loans under the More Income in the Countryside thru Rice (MIC-Rice) program of Governor Leopoldo Dominico Petilla.

A total of 98 farmers, with 67 from Babatngon town, four from Sta. Fe town and seven from Tanauan town availed of the financial aid for the new planting season.

The provincial government has allotted more than P1.4 million for this fresh release of cash loans under the program.

The MIC-Rice Program is a continuation of the ICOT-Rice Program implemented during the leadership of then governor and now Energy...

National Securities started coverage on shares of Solar Capital (NASDAQ:SLRC) in a research report released on Wednesday morning. The firm issued a buy rating and a $23.00 price objective on the stock.

We are initiating coverage of Solar Capital Ltd. (SLRC) with a BUY rating and $23 price target. Solar Capital has the potential to deliver strong earnings growth over the next two years due to its low leverage, spare debt capacity, and growth levers from primary origination platforms along with its joint venture unitranche program with PIMCO (Pacific Investment Management Company) and the life sciences venture lending initiative to lend to companies that are in a middle stage of development...

How to get the most from credit card rewards

Do you qualify?

To be approved for a rewards card, you generally need good or excellent credit, with a FICO score around 720 and up (out of a possible 850). If your score is lower, you may not be approved for a card or the rewards will be smaller.

For example, a zero-percent balance transfer offer might get reduced from 18 months to six months, said Jill Gonzalez, a spokeswoman at WalletHub, an online resource for financial products and news.

Twenty-somethings who are still building a credit history may have trouble meeting the credit score threshold.

And if you do qualify, Youve got to be very disciplined about your spending,...

Authors Note: PART 2 of this article is a continuation from PART 1 which was discussed in a previous publication. Please see PART 1 of this article for an initial discussion on the current dividend sustainability of Prospect Capital Corp. (NASDAQ:PSEC). PART 1 helps lead to a better understanding of the topics/trends that will be discussed in PART 2. The link to PART 1s analysis is provided below:

Prospect Capital Corp.s Dividend and NAV Sustainability Analysis (Post Fiscal Q2 2015 Earnings) – Part 1

This two-part article is a very detailed look at Prospect Capital Corp.s dividend and NAV sustainability. I perform this detailed analysis for readers who anticipate/want such...

Secured lending records best start to year since 2008

Last month saw the Finance amp; Leasing Association (FLA) report that the number of secured loan repossessions was at its lowest level for at least six years in 2014 with a total of 414. The 79 repossessions reported in the last quarter of 2014 was down 35.8% compared with the last quarter of 2013.

Matt Tristram, co-founder and director of Loans Warehouse, said: Its fair to say that the secured loan industry has picked up where it left off at the end of 2014, with continued monthly growth reconfirming that as an industry we continue on the right path.

Lenders appetite to lend continues and the competition for rates has seen further enhancements to criteria.

Masthaven Secured...