[ADiamond]

the 8k filing reads something like: "The Company took a $0.9 million impairment charge for the quarter ended June 30, 2019 for the remaining capitalized technology supporting JPM originations"

"impairment charge" being a nice way of saying default!!!! Curious to know how that number plays into gross JPM originations %-wise....

[SmartAdvanced]

the 8k filing reads something like: "The Company took a $0.9 million impairment charge for the quarter ended June 30, 2019 for the remaining capitalized technology supporting JPM originations"

"impairment charge" being a nice way of saying default!!!! Curious to know how that number plays into gross JPM originations %-wise....

so bottom line - is their book making money or no

[Jess]

so bottom line - is their book making money or no

It's not default-its the capital that they invested in the tech used to facilitate the Chase loans. They are writing it off. Odd that the tech cannot be be used for future bank integrations -if its that tailored to Chased they should have required Chase to share in the cost.