A subsidiary of Citizens Financial Group placed first in a recent J.D. Power ranking of car dealer satisfaction with noncaptive auto lenders. However, that group — primarily banks and credit unions — lagged other types of auto lenders.
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In the pool of 46,070 vehicles in the $1 billion pool or 59,863 in the $1.3 billion pool, none are equipped with diesel engines that were at the center of Volkswagen’s worldwide emissions scandal in 2015.
September 26 -
The shareholders' claims against Fannie Mae and Freddie Mac's regulator mirror arguments in cases challenging the Consumer Financial Protection Bureau.
September 26 -
A hearing on legislative proposals exposed a sharp partisan divide over a regulatory plan to restrict the frequency of collection calls.
September 26 -
Freddie Mac's efforts to improve underwriting could include the use of a technology firm's artificial intelligence-driven consumer-risk modeling software that can expand access to credit, according to the Wall Street Journal.
September 26 -
Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.
September 25
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The Newport Beach, Calif.,-based aircraft lease firm is sponsoring its first deal since a debut securitization in 2017.
September 25 -
Members of the House Financial Services Committee cited leveraged lending, cybersecurity and the switch to a new interest rate benchmark among potential systemic risks that keep them up at night.
September 25 -
Natalya Michaels, recently of Artisan Partners, will be a managing director with a focus on marketing, investor relations as well as expanding the firm's investor and product base.
September 25 -
Fitch Ratings reports the deal is the first post-crisis RMBS securitization it has rated consisting entirely of manufactured-housing loans.
September 25 -
PACE financing, which peaked at $1.7 billion in 2016, was less than half that in 2018, and only two publicly rated deals totaling have priced this year.
September 25 -
“We won’t, unless you get a policy mistake or you get a massive market accident,” he said at the annual ABS East confab in Miami.
September 24 -
Digital loan underwriting has taken the lion's share of the volume of unsecured consumer lending, a sector with plenty of room for growth, according to DBRS.
September 23












