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Avant halts expansion, trims workforce

CBA SmartBrief | May 23, 2016

Online lender Avant has canceled a plan to offer refinanced auto loans and credit cards in the US this year after a downturn in investor interest. The company is also cutting 7% of its workforce and is suspending a plan to expand to Australia. Crain's Chicago Business (tiered subscription model) (05/20)


Credit card debt approaches pre-crisis high

CBA SmartBrief | May 20, 2016

CBA's Hunt: Dodd-Frank should be perfected, not repealed

CBA SmartBrief | May 19, 2016

Train yourself to handle life's challenges

CBA SmartBrief | May 20, 2016

Lending Club complicates lobbying efforts for online lenders

CBA SmartBrief | May 24, 2016

Unheralded qualities of great leaders

CBA SmartBrief | May 23, 2016

Rule on small-dollar loans coming June 2, CFPB says

CBA SmartBrief | May 19, 2016

CBA pushes for nationwide standards to protect consumer data

CBA SmartBrief | May 24, 2016

CBA's Hong: Consumers stand to lose most in loss of arbitration

CBA SmartBrief | May 23, 2016

CFPB: 20% of title-loan borrowers lose vehicles

CBA SmartBrief | May 19, 2016


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An article in Tuesday's American Banker states just three banks were closed in March 2011, the lowest monthly count since December 2008. Given the recent slow down in bank closings and the 884 banks still on the FDIC's "problem" list, how do you expect the rest of 2011 to look with regards to bank closings?

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