Cars make up 37.9% of the pool, a representation that hasn't been that low since cars made up 35.08% in the 2020-2 deal.

The latest month's volume was more than $20 billion lower than in March 2020.

Goldman Sachs provided more details on its pullback from its once-grand ambitions to expand into consumer finance. Though parts of that strategy will remain, the New York bank will halt its personal loan business and postpone offering a checking account for its wealth management customers.

Signature Bank of New York is pulling back from crypto deposits and has increased borrowings from the Federal Home Loan Bank of New York.

The middle-market manager's diverse funding sources provide extra dry powder amid industry headwinds, and a head start to 2023 as CLO arbitrage improves.

The subordinate classes receive only scheduled principal payments and are locked out of any unscheduled principal or prepayments for five years.

The measure enacted on Dec. 30, 2022 applies retroactively and could add servicing risks that lending divisions will likely consider in underwriting and pricing on new loans originated in the state.

The fintech is also relying more heavily on its bank charter as rising interest rates make selling loans to investors more challenging.

The transaction is the eleventh broadly syndicated securitization under Kiavi's LHOME shelf program.

The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter.

The IACPM's credit outlook survey forecasts that no region will be spared over the next 12 months but timing remains elusive.

The largest obligor accounts for about a 1.40% holding of the collateral pool, while the smallest accounts for 0.10%.