Andrew Coen-

Budgets

Philadelphia City Council tackles delinquent tax collection plan

The council is exploring legislation to collect around $492 million in delinquent real estate taxes that could aid the city’s school district.

By Andrew Coen-

December 14

TRENDING

Consumer lending

Upgrade Receivables raises $299 million on unsecured consumer loans

Initially, the notes benefit from a reserve fund that equals 0.50% of the pool balance; overcollateralization, which represents 10.60% of the pool balance; and subordination.

By Donna M. Mitchell

2h ago
Securitization

Volkswagen raises at least $1.3 billion in auto ABS

Some recent performance deterioration in Volkswagen's managed portfolio vintages and securitization pools helped account for the increase in expected CNL losses.

By Donna M. Mitchell

November 21
Credit scores

CFPB's Chopra: AI can be the key to fairer credit scoring

Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.

By John Heltman

November 21