The Consumer Financial Protection Bureau has proposed reducing supervision of all but the largest nonbanks in four key markets: auto financing, consumer credit reporting, debt collection and international money transfers.

Throughout Kolyer's career he innovated securitization structures with commercial real estate and residential mortgages, commercial and consumer receivables.

The correspondent giant, whose earnings have trended positively in recent quarters despite market headwinds, has made several debt moves this year.

The ranking Democrat on the Senate Banking Committee said growing uncertainty and risks in the financial system mean the central bank should increase the countercyclical capital buffer for the nation's largest lenders.

A credit analyst manually reviews the pool's underwriting decisions, instead of just leaving it all to automation.

The regional Fed bank president said in a speech Thursday higher import taxes will result in price pressure for companies of all sizes, but that small businesses will have a harder time avoiding or eating those costs, leaving them no choice but to pass them on to the consumer.

Built around flexible capital that can grow alongside leading originators, the strategy will seek asset-based opportunities in North America first, then add European credit markets.

The deal faces a few upfront credit challenges, including the fact that the collateral's credit quality has weakened.

High interest rates and tough economic conditions played a role in the credit woes that overcame BayFirst Financial's small-dollar lending effort.

Late-payment rates among U.S. borrowers rose again in the second quarter, according to a report from the New York Fed. The trend reflects a sharp increase in student loan delinquencies, which have been climbing as pandemic-era policies have expired.

The securitization was also oversubscribed, with participation from more than 25 institutional investors, which will receive a blended fixed rate of 5.71%, the company said.

The forward-flow agreement with the lending fintech comes as home renovation spending surged during the first half of this decade.