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European banks are snapping up large pieces of their own collateralized loan obligations, keeping the market for CLOs afloat in the absence of the U.S. and Japanese banks.

In an appeals court filing, the Consumer Financial Protection Bureau wrote that a federal judge "ignored regulatory text, history and context" when she ruled against a PNC customer. The consumer argues that the bank shouldn't have pulled funds from his checking account after he was tardy in making payments on his home equity line of credit.

All of the loans must be fixed rate, and at least 90% of the loan balances must be to borrowers with a cosigner.

These types of transactions largely disappeared from the market for years after the Great Recession.

Rule 15c2-11's public disclosure requirements could inhibit Rule 144A issuers unless addressed.

Florida is pulling about $2 billion from BlackRock, the largest anti-ESG withdrawal announced by a U.S. state, as Republicans ramp up their ESG fight.

Securitization production for 2022 is expected to experience a 13% decrease compared with 2021, and the declining trend is expected to continue for 2023.

Both Canadian banks are awaiting green lights from regulators for their pending acquisitions of U.S. banks. "We don't control the timing of all the regulatory approvals," TD's chief executive said Thursday.

Federal Reserve Vice Chair for Supervision Michael Barr said his "holistic" review of capital standards is still underway, but noted the benefits of stronger requirements in a speech Thursday.

Issuance volume of asset-backed securities for the year through December 1, 2022