A $26 million settlement by Santander Consumer is shining a light on the hard-to-measure problem of auto dealer fraud, while also raising questions about the adequacy of lenders' efforts to combat bad behavior
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Much of the discussion at an industry conference in New York Wednesday was devoted to the potential complications that could result from rolling back rules enacted by the previous administration under Dodd-Frank.
May 24 -
A panel of retail industry analysts explored how several department store and specialty retailers face hard times in an environment in which sales declines, high leverage and competition from online retailers are pressuring many brick-and-mortar chains' ability to service their speculative-grade debt obligations.
May 24 -
Appeals court justices appeared divided on whether the structure of the Consumer Financial Protection Bureau is constitutional during oral arguments in the PHH v. CFPB case on Wednesday.
May 24 -
Container Leasing International, d/b/a SeaCube, is adding a $248.7 million deal to this year's fleet of shipping container securitizations.
May 24 -
President Trumps budget would reduce funds to the Consumer Finance Protection Bureau, cut spending for several programs aimed at providing financial services and resources in underserved communities, and eliminate a fund designed to help regulators unwind a failing megabank.
May 23
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CLOs are increasingly negotiating with investors for longer reinvestment periods. S&P Global takes a less favorable view of the practice than the other two major rating agencies, Fitch Ratings and Moodys Investors Service.
May 23 -
Lenders are objecting to the Trump administration's proposed $30 million fee designed to partially fund upgrades to the Federal Housing Administration.
May 23 -
UBS is marketing its first offering of commercial mortgage bonds in four years, so perhaps its no surprise that the bank is relying on a third party to take skin in the game of the deal.
May 22 -
Apollo Aviation Group will sell bonds backed by aircraft lease receivables from a $612.2 million transaction representing its fourth overall securitization.
May 22 -
The ability of federal agencies to interpret the Volcker Rule and other provisions of the Dodd-Frank Act could be a positive for advocates of deregulation.
May 22 -
DRI Capital is marketing another $150 million of bonds backed by royalties flowing from pharmaceutical patents on established drugs, according to Kroll Bond Rating Agency.
May 22 -
Bayview Asset Management is marketing yet another $218 million of bonds backed by re-performing mortgages acquired last year from former subprime HELOC lender CitiFinancial Credit Corp., according to rating agency presale reports
May 19


