Lawmakers like Sen. Tim Scott may feel differently about some elements in a Senate regulatory relief bill depending on whether CFPB Director Cordray is remaining in office until his term expires in July.
The Equifax breach has millions of Americans now thinking about freezing their credit to guard against identity theft. But those who act could be cutting themselves off from the nation's vast credit economy.
First Republic bank is targeting affluent millenials, providing competition for niche lenders like Social Finance which have courted high-earning professionals with refinanced loans that are the source of a burgeoning securitization asset class.
American Honda Finance Corp.'s senior-only tranche structure and low CE hurdle for its AAA-rated deal are consistent with its recent transactions. But the issuer cautions in a prospectus about the potential economic disruption from the hurricanes to borrowers in Texas and Florida, two states with a 12% concentration of the pool.