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The measure enacted on Dec. 30, 2022 applies retroactively and could add servicing risks that lending divisions will likely consider in underwriting and pricing on new loans originated in the state.

The fintech is also relying more heavily on its bank charter as rising interest rates make selling loans to investors more challenging.

BlackRock Inc. clients continued to pour money into the firm's long-term investment funds in the fourth quarter, seeking to capitalize on the preceding rout in stock and bond markets.

The transaction is the eleventh broadly syndicated securitization under Kiavi's LHOME shelf program.

Underwriting league tables of asset-backed securities through January 12, 2023

Issuance volume of asset-backed securities for the year through January 12, 2023

The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter.

The IACPM's credit outlook survey forecasts that no region will be spared over the next 12 months but timing remains elusive.

U.S. inflation continued to slow in December, adding to evidence price pressures have peaked and putting the Fed on track to again slow the pace of interest-rate hikes.

Nobody knows for sure, and that's causing some big regulatory problems.