dresslar-tom

Tom Dresslar

Former Deputy Commissioner

Tom Dresslar is a former reporter and also served as a deputy commissioner at the California Department of Business Oversight. He is now retired.

Consumer lending

There’s a ‘true lender’ fight brewing in California

The state has proposed a law to cap the interest rate on certain consumer loans, but nonbanks aim to skirt it by seeking a rent-a-charter.

By Tom Dresslar

December 20

TRENDING

Consumer lending

Consumer lender PowerPay approaches market to raise $556 million

This is PowerPay's second 144A transaction, which has a 90-day prefunded period, initially funded with $132.9 million in deposits.

By Donna M. Mitchell

11h ago
Secondary markets

KBW says loan level pricing cuts could hurt GSE earnings

Bill Pulte's X post has the industry excited that loan level price adjustments could change, but the impact would not be as beneficial as some think, KBW said.

By Brad Finkelstein

11h ago
Treasurys

Treasuries are falling on progress in US-China trade talks

Yields on 10-year benchmark US government bonds rose as much as four basis points to 4.04%, the highest in more than a week, after negotiators from the world's two biggest economies said they'd struck a series of agreements on issues.

By Ruth Carson, Masaki Kondo and Jacob Reid

October 27