DOGEing a Crisis

Concora Credit is a consumer finance company based in Beaverton, Oregon founded in 2001. Concora Credit provides non-prime consumer financing services designed to help consumers get better access to credit including general purpose credit cards and private label credit cards.

United States

North America

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Concora Credit Reviews 2025 | BankerAdvisor

Concora Credit

The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at 2.1%. Core inflation also was at 0.1% for the month though it was higher on an annual level at 2.5%.
Consumer spending, though, slowed sharply for the month, posting just a 0.2% increase, while the savings rate surged to 4.9%, the highest in nearly a year.

Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows

The Financial Times cited an unidentified source saying CEO Jamie Dimon’s previous remarks about Bitcoin had alienated some potential clients. JPMorgan Chase is reportedly looking into crypto-backed loans, signaling a potential shift in how US banks regard crypto assets.  The Financial Times reported on Tuesday, citing unidentified sources, that JPMorgan may start lending directly against crypto assets like Bitcoin. The FT reported this may happen by 2026, though the plans are subject to change. 

JPMorgan exploring crypto-backed loans amid stablecoin push: FT

The European Central Bank on Thursday kept interest rates steady amid major economic uncertainty, as the European Union scrambles to negotiate a trade agreement with the U.S. before the end of the month. The ECB has cut interest rates at each of its four meetings so far this year, taking its key deposit facility from 3% in January to 2% in June. Last year it reduced rates from a record high of 4%. “The environment remains exceptionally uncertain, especially because of trade disputes,” the ECB said in a statement.

European Central Bank holds interest rates as tariff turmoil keeps policymakers on edge

This is a company that, ten years ago, was just two guys sitting in a Canary Wharf office coding. Those two guys are Nik Storonsky and Vlad Yatsenko who, interestingly, are Russian and Ukrainian by background. No warfare here.  What has happened?  Well, going way back when, Nik and Vlad worked at Credit Suisse and both have a background in banking, admittedly with different perspectives. Nik was a trader and Vlad a developer. Nevertheless, working in derivatives in 2008 is a clear moment that shaped Nik’s thinking and, launching Revolut in 2015, he and his partner have followed a path to become the biggest fintech unicorn in Europe. 

Has #Revolut sparked a revolution?

Global long-term bond yields are surging, with U.S. 30-year Treasuries near 5% and U.K. gilts above 5.7%, as investors grow wary of mounting debt and political pressure on central banks. Safe-haven gold has hit a record $3,537, while economists told Fortune the bond market “can’t be primaried,” underscoring that investors will pull back if fiscal credibility deteriorates.

The canary in the coal mine is singing as global bond selloff raises national debt concerns

Blockchain-based lender Figure Technology Solutions has increased the pricing of its initial public offering (IPO) to $25 per share. That new figure, announced late Wednesday (Sept 10), is above an earlier pricing of $20 to $22 per share. The company sold 31.5 million shares, raising $787 million and giving it a valuation of $5.3 billion. Founded in 2018, Figure initially offered home equity lending but has since established what it calls a vertically integrated model that weaves together origination, marketplace distribution and capital markets execution.


Figure Takes in $787 Million After Pricing IPO at $25 Per Share

Google has unveiled an open protocol designed to serve as the foundation needed to enable AI agents to transact payments on behalf of users and merchants. The tech giant has lined up more than 60 partners - including Adyen, Coinbase, Mastercard and PayPal - for the Agent Payments Protocol (AP2). Agentic commerce breaks the assumption that today’s payment systems generally make that a human is directly clicking "buy" during a transaction.


Google unveils Agent Payments Protocol to power AI commerce

Coinbase CEO Brian Armstrong has outlined plans to build a crypto super app, offering credit cards, payments and Bitcoin rewards to rival traditional banks. Speaking during a recent interview with Fox Business, Armstrong confirmed the company’s plans to offer a full suite of financial services, from payments to credit cards and rewards, all powered by crypto rails.


Coinbase CEO sets sights on replacing banks with crypto super app

Loans raised by a privately held US car parts maker plunged on Friday, inflicting more than $1bn of paper losses on lenders as they ready for what is expected to be a messy debt restructuring. Senior loans issued by First Brands Group changed hands at about 45 cents on the dollar, a distressed price that suggests investors are sharply writing down their expectations that the debt will be paid back. Junior loans, which are riskier than their senior counterparts because they provide holders with fewer rights to recover their money in the case of bankruptcy, were quoted between 16 and 21 cents on the dollar, according to a source familiar with the matter.


First Brands debt plunges as worries mount over US car parts group

Tricolor’s bankruptcy trustee is designating a servicing company to search for vehicles and unfreeze payment systems following the auto lender’s sudden collapse. Dallas-based Tricolor Holdings offered auto financing to customers who lacked credit history or a social security number before it abruptly filed for a bankruptcy liquidation amid a bank partner’s allegations of fraud. 

Collapse of Subprime Lender Tricolor Kicks Off Scramble for 100,000 Car Loans

The speed at which US car parts maker First Brands Group unravelled has shocked Wall Street.
The privately held group’s longtime bankers at Jefferies were marketing a $6bn loan deal to investment funds less than two months ago on the basis that the multinational conglomerate was in no immediate peril, with more than $1bn of cash and other sources of liquidity to hand. First Brands on Sunday filed for Chapter 11 protection, disclosing more than $10bn in total liabilities but with the full extent of its off balance sheet financing still unclear.  The bankruptcy could result in billions of dollars of losses for some of the biggest players in private debt markets. 



First Brands bankruptcy: the losers — and winners

Auto-parts supplier First Brands crashed into bankruptcy last month. Now, banks are sifting through their exposure to the company and its chain of customers and suppliers. Jefferies Financial on Wednesday said funds run by an asset-management unit, Point Bonita Capital, are owed around $715 million from companies that bought First Brands’ parts. UBS in bankruptcy court filings said funds it operates, including through its recently sold O’Connor hedge-fund unit, have around $500 million exposure. The exposure is also mainly to customers that owe First Brands money, a person familiar with the matter said. 

First Brands Bankruptcy Damage Spreads to Jefferies, UBS

The stockmarket is not the economy, as the old investing cliché goes. That is obvious enough to anyone paying attention in America this year. President Donald Trump’s tariff fervour has dented growth, even if not by as much as expected after “Liberation Day”, and yet the stockmarket has soared: the S&P 500 index of large American companies is up by nearly 15% so far this year, comfortably ahead of the historical average.  But does the stockmarket power the economy? At most points in time, it would be a ridiculous question. In recent months, though, the rise in American share prices has coincided with, and been fed by, a rush of popular enthusiasm for investing. And as people see the line go up, they become more likely to spend. 

The stockmarket is fuelling America’s economy

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