The Consumer Financial Protection Bureau said Monday that Wells Fargo had engaged in illegal student loan servicing practices by processing payments to maximize late fees.
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Issuance volume of asset-backed securities for the year through September 30, 2016.
September 30 -
Underwriting league tables for asset-backed securities for the year through September 30, 2016.
September 30 -
Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.
September 29 -
NextGear, a unit of Cox Enterprises, is marketing its second offering of the year of notes backed by inventory financing for used auto dealers, according to rating agency reports
September 29 -
BMW is adding another $1 billion to the mix of auto-related securitizations in the new issue market.
September 29
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Santander Drive Auto Receivables Trust (SDART) 2016-3 consists of $1.178 billion in new and used vehicle loans originated or acquired by Santander Consumer USA, with a potential upsizing in the works. Exeter's third deal of the year is sized at $450 million in notes, backed by $471.2 million in subprime loans.
September 29 -
The Wall Street firm believes that its gold-plated brand will help attract middle-class borrowers.
September 29 -
Toyota Motor Credit is marketing another $1.25 billion of bonds backed by retail auto loans.
September 28 -
Royal Bank of Scotland Group agreed to pay $1.1 billion to settle the first of three major U.S. mortgage-backed securities probes the bank must overcome before it can resume dividend payments.
September 28 -
The new deal structured by the General Motors Financial Co. subsidiary includes more loans to borrowers with 600-plus FICO scores as well as to those populating the higher end of AmeriCredits internal scoring tables. AMCAR also features slightly fewer loans over 60 months, and a higher weighted average APR.
September 28 -
Marketplace lenders' share of the consumer and small-business loan markets is small now, but is expected to grow substantially in the coming years. Banks looking to get in on the action have two choices: team up with these established players that have already perfected the technology or try to beat them at their own game
September 28


