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It also purchased Triad Financial, a Florida-based home improvement lender, for $100 million, in October 2017. [5] On the other hand, in August 2017, ECN sold some of its rail car financing business for $1.44 billion. [5] It also sold its Canadian vendor financing business for $900 million in October 2017. [5]
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In July 2013, Vantiv announced an agreement to acquire privately held Element Payment Services. [17] Element is a provider of fully integrated PCI DSS compliant payment processing solutions for merchants and business management software providers. [18] On May 12, 2014, Vantiv confirmed a $1.65 billion acquisition of Mercury Payment Systems LLC ...
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Key takeaways. In May 31,2023, the Consumer Financial Protection Bureau ordered OneMain Financial to pay $20 million for deceiving and misleading some 25,000 consumers.
In 2012, Adam Prestandrea joined Element Capital, stepping down as co-head of investments at Arpad Busson’s EIM SA. [ 18 ] In October 2019, the company hired Colin Teichholtz, former Blue Mountain Capital fixed-income head, to research macro investment strategies and policy developments as part of the portfolio team.