U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.
- Europe
The ambiguity over whether regulators favor risk sensitivity or simplicity in setting capital requirements does not help risk management efforts.
March 31 -
3i Debt Management priced a 400 million European collateralized loan obligation, according to Moodys Investors Service.
March 31 -
Volkswagen AGs latest auto lease securitization in Europe appears to show the automaker is making progress to repair nearly 11 million vehicles and maintain its past solid quality securitization performance in the wake of its diesel-engine emissions testing scandal that broke last September.
March 31 -
The Consumer Financial Protection Bureau on Wednesday ordered a San Diego student debt relief company to shut its operations, cancel all contracts and cease participating in the industry.
March 30 -
The Depository Trust & Clearing Corp. and Digital Asset Holdings are targeting the repurchase agreement market as the latest use case for a blockchain solution.
March 30
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A growing number of ABS professionals expect credit quality to decline and underwriting standards to tighten this year, according to a survey released Tuesday by Capital One Bank.
March 29 -
The Dolphin Master Issuer Series 2016-1 is a Class A-only notes structure, which has been assigned a AAA structured rating by Standard & Poors.The notes, for which ABN has no new assets in the collateral pool, are paying off the principal on three outstanding Dolphin issues.
March 29 -
Subprime consumer lender Avant currently rejects many of its personal loan applicants. It hopes to qualify more borrowers by offering cash to those who are willing to put their cars up as collateral.
March 29
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Buyers of broadly syndicated corporate loans currently have an incentive to drag their feet closing trades; they will soon pay a hefty price if they dont do their part. The reform should help lenders get assets off their books faster.
March 28
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Freddie Mac has obtained new insurance policies under its Agency Credit Insurance Structure (ACIS) program.
March 28 -
Deutsche Bank and JPMorgan are marketing $818 million of commercial mortgage bonds, with heavy exposure to New York City, according to Fitch Ratings.
March 28 -
Issuance volume of asset-backed securities for the year through March 25, 2016.
March 28
