Research on SLM Corp. and AmeriCredit -- The Noose Is Tightening Onto the Credit Services Industry
October 01 2010 - 8:35AM
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credit services companies
SLM Corp. (NYSE:
SLM)
and AmeriCredit Corp. (NYSE: ACF). Sign
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Many changes are taking place within the Credit Services sector.
In the credit card segment, the incoming Consumer Finance
Protection Bureau headed by Elizabeth Warren is expected to further
regulate the industry even after the Credit Accountability,
Responsibility, and Disclosure Act (CARD). When this act inhibiting
credit card companies' ability to impose fees went into effect,
many companies saw profits decline. The appointment of Elizabeth
Warren as an assistant to Barack Obama could prove to further
strain the industry as she plans to increase transparency in credit
card contractual agreements by requiring simplification of complex
verbiage typically found therein.
www.wallstreetequityresearch.com is a specialized website where
investors can have full access to free reports on credit services
stocks; traders looking for analyst opinions on SLM Corp. and
AmeriCredit Corp. are welcomed to sign up for a free one year
membership at http://www.wallstreetequityresearch.com/
In the student loans segment of the Credit Services sector,
consolidation has been taking place in the wake of the legislation
restricting companies' ability to offer federal student loans. Now
that only four private companies are able to originate federal
student loans, companies left out of the bill are looking to sell
off their student loan segments to companies still able to
participate in the market. This comes at a time when student loan
defaults are soaring ever higher, further increasing the desire to
offload potentially unprofitable business.
Making news recently is the lawsuit against student-loan maker
SLM Corp. The company is being sued by investors claiming that the
company has been ambiguous about its underwriting guidelines, loan
forbearance, and financial performance as an underhanded means to
inflate its share price. Shareholders and investors can access the
free research SLM Corp. now by signing up at
http://wallstreetequityresearch.com/October012010SLMCorporation(SLM)011010.php.
Additionally on top of the industry headlines is the acquisition
bid by General Motors for auto finance firm AmeriCredit Corp. GM
has received a majority approval vote from AmeriCredit's
shareholders and the deal is anticipated to be closed today. GM
will be buying the auto finance company for $3.5 billion. The
www.wallstreetequityresearch.com has also compiled a free research
on AmeriCredit Corp. that can be downloaded
now by signing up at
http://wallstreetequityresearch.com/October012010AmeriCreditCorp.(ACF)011010.php.
In general, with American and European consumerism currently
depressed, it is expected that most near-term growth within the
sector will take place in emerging markets. Visit us at
http://www.wallstreetequityresearch.com/ to understand the
catalysts and forces driving or affecting credit services companies
in today's economic environment.
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