FITCH – Fitch Ratings has published its monthly ‘U.S. Credit Card ABS Tear Sheet’. This report shows Fitch’s break-even stress scenarios for the largest credit card issuers using February 2016 performance data. The break-even runs are based on the 12- and three-month average performance for each trust, using the current one-month LIBOR rate for the LIBOR assumption. It allows investors to compare trust performance with the same baseline.
PAYPORT – The Idaho STEM Action Center recently began accepting online donations with credit and debit cards, thanks to Access Idaho’s PayPort secure payment processing service. This is the 32 state agency to implement Access Idaho’s PayPort payment service.
LENDINGTREE – LendingTree, announced it has been awarded two highly coveted 2016 LeadsCouncil LEADER Awards in the mortgage category, maintaining the company’s position as the premier lead generator in the lending industry. This marks the sixth consecutive year that LendingTree has been recognized by the LeadsCouncil community with the LEADER Awards.
METLIFE – MetLife Foundation announced its exclusive sponsorship of the second year of The Financial Inclusion Challenge. The Challenge, sponsored by MetLife Foundation and managed by The Wall Street Journal, is a competition encouraging nonprofit and for-profit organizations to showcase programs that provide innovative, sustainable solutions for individuals and families struggling to be part of the financial mainstream. Winners will be recognized at an awards dinner in Hong Kong later this year.