The Consumer Financial Protection Bureau is clamping down on student loan lenders and servicers that automatically default on loans when a co-signer declared bankruptcy or dies.
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New Jersey is the latest private student lender to test the securitization market.
May 3 -
Credit Acceptance Corp. is marketing $330 million of notes backed by subprime auto loans.
May 3 -
OnDeck Capital reported a quarterly loss of $12.6 million as revenues fell short of expectations. At the same time, the New York firm sharply reduced its earnings projection for the rest of the year
May 2 -
U.S. collateralized loan issuance showed encouraging signs of revving up last week as seven U.S. deals hit the market, bringing the final April tally of transactions to 16.
May 2 -
A federal judge approved Goldman Sachs Group Inc.'s $272 million settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.
May 2
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Online lender Earnest is marketing its second ever offering of bonds backed by loans used to refinance student debt.
May 2 -
The potentially wide-ranging effects of an appeals court decision in Midland Funding v. Madden could deal a serious blow to preemption under the National Bank Act.
May 2 -
JP Morgan and Deutsche Bank are marketing $893 million of commercial mortgage bonds with unusually heavy exposure to office buildings and hotels, according to Fitch Ratings.
April 29 -
Issuance volume of asset-backed securities for the year through April 29, 2016.
April 29 -
Underwriting league tables for asset-backed securities for the year through April 26, 2016.
April 29 -
A joint venture involving the captive finance arm of French automaker PSA Peugeot Citroën and Santander Consumer UK is issuing its first UK auto financing securitization since gaining regulatory approval for operations there.
April 29 -
The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry.
April 29
