A two-year-old lawsuit by the CFPB may be languishing, but nine members of the Teachers Federation of America sued the student loan servicing giant alleging that it misled borrowers in public service professions in order to line its pockets.
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While three deals matches 2017's output, the total $2.08B volume of 2018 issuance trails the 2017 level by more than $1B.
November 1 -
The firm's risk profile has not altered, executives said on a third-quarter earnings call Wednesday; it remains "appropriately cautious."
November 1 -
The $571 million transaction is backed by 915 loans originated from 2002 and 2008 that Waterfall Asset Management acquired over eight years.
November 1 -
The deal comes a year after the captive finance company began excluding low-FICO loans from its primary auto loan ABS platform.
October 31 -
It's the first time any of the rating agencies has assigned an AAA for any securitization of consumer loans by a marketplace lender.
October 31
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When the mortgage giant will be released from government control is anyone's guess, but the company's third-quarter report shows signs of an easier transition.
October 31 -
The Urban Institute's conclusion is based on estimates that one-year SOFR rates could be 25 to 50 basis points lower than the current Libor equivalent.
October 31 -
The $325 million deal is backed by franchise fees and royalties; the collateral does not include profits from company-owned stores.
October 31 -
The €411 million deal puts it in the small club of UK managers that have completed three or more transactions in 2018.
October 31 -
Margaret Keane discussed Synchrony's investments in technology, including how the card issuer plans to use customer data to help retailers create targeted ads, during an appearance Tuesday in New York,
October 30 -
It is issuing another $55 million of Series 2018-1 bonds backed by cell tower leases from its Diamond Issuer master trust; some $41 million will be deposited in a prefunding account.
October 30 -
The structure reduces counterparty risk in the GSE's benchmark Connecticut Avenue Securities program; it also expands the investor base.
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