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A ballot initiative that places additional restrictions on debt collectors and decreases the interest rates that can be charged on medical debt passed Tuesday by an overwhelming margin. Consumer advocates say it will ease the burden on households dealing with hardship, but industry groups contend that it will make credit more expensive.

Banks are starting to use the technology, which protects cloud-based data while it's being used by an application.

Without subordination, overcollateralization, a liquidity reserve account, and an Interest Supplement Account provide initial credit enhancement.

U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes.

The CFPB's recent guidance on so-called "unfair" bank fees has created legal turmoil for banks and financial firms after the White House claimed the bureau's actions were settled law.

The company was profitable on a net basis but took a comprehensive loss linked to market volatility's effect on mortgage bonds.

Some 53% of the loans are debt service coverage ratio products—originated for business purposes and likely to fund the 43.8% of investor properties in the pool.

Subprime auto loan borrowers are increasingly falling behind on payments, and the value of used cars is dropping, two trends that are clobbering bonds tied to the debt.

Virtually the entire pool is financing used cars. Even that might leave the pool vulnerable to reduced recovery costs, should prices for used cars drop notably.

The company is floating the possibility of selling a portion of its loan portfolio to free up liquidity in coming months, leaders said.