Delinquent

Gen Z Consumers Are Using Credit More, and Differently, than Their Millennial Counterparts at the Beginning of their Credit Journeys

Retrieved on: 
星期三, 五月 8, 2024
Gen, Generation Z, Delinquent, TransUnion, Millennials, Head, Currency crisis, Research, TRU, Ageing, Renewable energy

The new TransUnion study, Solving for Z , explored credit usage by today’s Gen Z consumers and compared it to similarly aged Millennials one decade ago1.

Key Points: 
  • The new TransUnion study, Solving for Z , explored credit usage by today’s Gen Z consumers and compared it to similarly aged Millennials one decade ago1.
  • The study found that both Gen Z and Millennial borrowers faced early challenges in their credit journeys.
  • The study found that 84% of credit-active Gen Z consumers had at least one credit card (bankcard) as of Q4 2023.
  • This comes as nearly 36% of Gen Z consumers ranked credit cards as the most useful credit product, up from 29% of Millennials a decade ago.

Priveterra Acquisition Corp. II Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-K

Retrieved on: 
星期五, 五月 3, 2024
Professional Services, Business, Annual report, Security (finance), Panel, Delinquent, Cryptocurrency

Priveterra Acquisition Corp. II (NASDAQ: PMGMU, PMGM, PMGMW) (the “Company”) today announced that on April 29, 2024, the Company received a notice (the “10-K Notice”) from the staff of the Nasdaq Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that, because the Company had not yet filed its Annual Report on Form 10-K for the period ended December 31, 2023 (the “Form 10-K”), the Company is not in compliance with Nasdaq Listing Rules for continued listing and, accordingly, such delinquency may serve as a separate basis for the delisting of the Company’s securities from Nasdaq.

Key Points: 
  • Priveterra Acquisition Corp. II (NASDAQ: PMGMU, PMGM, PMGMW) (the “Company”) today announced that on April 29, 2024, the Company received a notice (the “10-K Notice”) from the staff of the Nasdaq Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that, because the Company had not yet filed its Annual Report on Form 10-K for the period ended December 31, 2023 (the “Form 10-K”), the Company is not in compliance with Nasdaq Listing Rules for continued listing and, accordingly, such delinquency may serve as a separate basis for the delisting of the Company’s securities from Nasdaq.
  • The 10-K Notice also states that the Nasdaq Hearings Panel (the “Panel”) will consider this matter in their decision regarding the Company’s continued listing on The Nasdaq Capital Market, and that the Company should present its views with respect to this additional deficiency to the Panel in writing no later than May 6, 2024.
  • Additional information about the 10-K Notice can be found in the Company’s Form 8-K filed with the Securities and Exchange Commission on May 3, 2024.

Trepp and Commercial Real Estate Direct Release Q1 2024 Quarterly Data Review, Analyzing Data that Shows Trouble in Multifamily & Office CRE Sectors

Retrieved on: 
星期二, 四月 30, 2024
CMBS, Delinquent, QDR, Sun Belt, CRE, Property management

NEW YORK, April 30, 2024 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, and Commercial Real Estate Direct, a publication that brings high-end news and information to CRE professionals, released the Q1 2024 edition of the Quarterly Data Review (QDR). This magazine provides a comprehensive overview of the data, trends, and activity in the CRE finance markets. Access the QDR magazine here: https://www.trepp.com/q1-2024-quarterly-data-review

Key Points: 
  • Trepp and Commercial Real Estate Direct released the Q1 2024 edition of the Quarterly Data Review (QDR), offering in-depth analysis and insights into the commercial real estate and CMBS markets, following persistent troubles in the office sector, and rising distress across the board.
  • NEW YORK, April 30, 2024 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, and Commercial Real Estate Direct, a publication that brings high-end news and information to CRE professionals, released the Q1 2024 edition of the Quarterly Data Review (QDR).
  • This magazine provides a comprehensive overview of the data, trends, and activity in the CRE finance markets.
  • The QDR magazine leverages data and insights from Trepp and Commercial Real Estate Direct to reveal trends in the commercial real estate market.

Altisource Announces First Quarter 2024 Financial Results

Retrieved on: 
星期四, 四月 25, 2024
Origination (telephony), Delinquent, Depreciation, Real estate, Servicing, Adjustment, ASPS, Growth, Auction

LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2024.

Key Points: 
  • LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2024.
  • “I am very pleased with our first quarter performance.
  • We generated $4.6 million of Adjusted EBITDA(1), marking our best quarterly performance since the third quarter of 2020, on $36.9 million of service revenue.
  • Mr. Shepro further commented, “We believe our financial results and sales wins demonstrate that we are not waiting for the default market to return to normal or for delinquency rates to rise to achieve growth.

Lifecore Biomedical, Inc. Receives Notice from Nasdaq Regarding Delayed Quarterly Report

Retrieved on: 
星期五, 四月 19, 2024
Hearing, Security (finance), Notice, Delinquent, Letter, Cryptocurrency

The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market.

Key Points: 
  • The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market.
  • The Company appealed the Staff Delisting Determination, and, on April 16, 2024, the Company appeared for the hearing in which the Company requested a further stay of any suspension or delisting action to enable the Company to regain compliance with the Listing Rule.
  • The Nasdaq Hearings Panel has not yet issued its decision, although the Company anticipates that a decision will be forthcoming.
  • The Company continues to work diligently to complete the Filings and intends to file the Filings as promptly as possible to regain compliance under the Listing Rule.

EVe Mobility Acquisition Corp Receives NYSE Notice Regarding Late Filing of Annual Report on Form 10-K

Retrieved on: 
星期五, 四月 19, 2024
Delinquent, Annual report, Security (finance), Exchange, File, Acquisition, Bank statement, Medical device

Reference is made to the Company’s Notification of Late Filing on Form 12b-25 (filed with the SEC on March 27, 2024) as amended through the filing of a Form 12b-25/A with the SEC on April 15, 2024, which describe the circumstances leading to the late filing of the Delinquent Report.

Key Points: 
  • Reference is made to the Company’s Notification of Late Filing on Form 12b-25 (filed with the SEC on March 27, 2024) as amended through the filing of a Form 12b-25/A with the SEC on April 15, 2024, which describe the circumstances leading to the late filing of the Delinquent Report.
  • Additional time is needed by the Company to complete its review of the financial statements included in the Delinquent Report to ensure a complete, accurate Delinquent Report.
  • The Company intends to file the Delinquent Report as soon as practicable and in any event within the six-month period.
  • If the Company fails to file the Delinquent Report during the Initial Cure Period, the Exchange may, in its sole discretion, grant an up to six-month additional cure period (the "Additional Cure Period").

Eagle Pharmaceuticals Announces Receipt of Notification of Deficiency from Nasdaq Regarding Requirement to Timely File Annual Report on Form 10-K

Retrieved on: 
星期五, 四月 12, 2024
Hearing, Annual report, Security (finance), Plan, Form, Panel, Failure, Delinquent, Calendar, Cryptocurrency

In the Initial Notice, Nasdaq provided the Company 60 days, or until January 26, 2024, to submit to Nasdaq a plan to regain compliance with the Rule (the “Plan”).

Key Points: 
  • In the Initial Notice, Nasdaq provided the Company 60 days, or until January 26, 2024, to submit to Nasdaq a plan to regain compliance with the Rule (the “Plan”).
  • Pursuant to the Initial Notice, if the Company fails to regain compliance prior to the expiration of such extension period, Nasdaq would provide written notification that the Company’s securities would be subject to delisting.
  • In the event the Company receives such a delisting notice, the Company may request a hearing before an independent Nasdaq Hearings Panel (the “Panel”).
  • The hearing request would automatically stay any suspension or delisting action for 22 calendar days from the date of the delisting notification.

Chicken Soup for the Soul Entertainment Receives Delinquency Letter from Nasdaq

Retrieved on: 
星期三, 四月 24, 2024
TV and Radio, Entertainment, Film & Motion Pictures, Hearing, Annual report, Delinquent, Chicken soup, Soup, Letter

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP, CSSEL, CSSEN) (the “Company”), one of the largest providers of premium content to value-conscious consumers, today announced that on April 18, 2024, the Company received a letter (the “Delinquency Letter”) from The Nasdaq Stock Market (“Nasdaq”) informing the Company that its securities may be delisted from the Nasdaq Capital Market due to the fact the Company’s Annual Report on Form 10-K for fiscal year ended December 31, 2023 had not been filed yet.

Key Points: 
  • Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP, CSSEL, CSSEN) (the “Company”), one of the largest providers of premium content to value-conscious consumers, today announced that on April 18, 2024, the Company received a letter (the “Delinquency Letter”) from The Nasdaq Stock Market (“Nasdaq”) informing the Company that its securities may be delisted from the Nasdaq Capital Market due to the fact the Company’s Annual Report on Form 10-K for fiscal year ended December 31, 2023 had not been filed yet.
  • Under Nasdaq rules, a company that receives a delist determination for such a delinquency can request an appeal to a Nasdaq hearings panel (a “Hearings Panel”) pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series.
  • The Company has until April 25, 2024, to request a stay of the suspension, pending a Hearings Panel decision.
  • Additionally, the Company has remedied its noncompliance with respect to the delinquency by filing its 2023 Annual Report on Form 10-K on April 19, 2024.

Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share

Retrieved on: 
星期三, 四月 17, 2024
Banking, Professional Services, Finance, Payment, DFS, Central Time, Investment, Digital banking, Risk management, Digital, Club, Discover Financial, Delinquent, Capital One, Interest, Bank

The comparative prior quarter ended March 31, 2023 has been restated as disclosed in the Company's Financial Data Supplement on Form 8-K for the second quarter 2023

Key Points: 
  • The comparative prior quarter ended March 31, 2023 has been restated as disclosed in the Company's Financial Data Supplement on Form 8-K for the second quarter 2023
    Discover Financial Services (NYSE: DFS) today reported net income of $308 million or $1.10 per diluted share for the first quarter of 2024, as compared to a net income of $968 million or $3.55 per diluted share for the first quarter of 2023.
  • Net interest income for the quarter increased $355 million, or 11%, driven by higher average receivables partially offset by net interest margin compression.
  • Payment Services pretax income of $82 million was up $35 million year-over-year primarily driven by increased PULSE revenue and first quarter 2023 net losses on equity investments.
  • The company will host a conference call to discuss its fourth quarter results on Thursday, April 18, 2024, at 7:00 a.m. Central Time.

FIntegrate Technology and ThreatAdvice Collaborate to Combat Fraud in Financial Institutions

Retrieved on: 
星期一, 四月 15, 2024
Finance, Russell Taylor, Partnership, Collection, Communication, API, Intelligence, Bishop, Trust, Delinquent, Cryptocurrency

BIRMINGHAM, Ala., April 15, 2024 /PRNewswire-PRWeb/ -- FIntegrate Technology, a leading provider of dispute management and collections/recovery software solutions, has teamed up with ThreatAdvice, a premier provider of fraud and cybersecurity solutions for financial institutions. This partnership aims to fortify financial institutions' defenses against fraud, streamlining operations and bolstering customer trust.

Key Points: 
  • BIRMINGHAM, Ala., April 15, 2024 /PRNewswire-PRWeb/ -- FIntegrate Technology, a leading provider of dispute management and collections/recovery software solutions, has teamed up with ThreatAdvice, a premier provider of fraud and cybersecurity solutions for financial institutions.
  • According to FeatureSpace's report on "The State of Fraud and Financial Crime in North America," fraud rates in financial institutions have been on the rise, with a notable 70% increase in the past year.
  • "Our collaboration with FIntegrate represents a significant stride in empowering financial institutions with advanced fraud solutions.
  • ThreatAdvice offers an additional solution to help financial institutions combat fraud, FraudXchange.