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Fiat Chrysler is expected to announce Friday that it will establish its own captive finance unit in the U.S. The move could be bad news for its lending partners.
May 30 -
Proposal to revamp 2013 rule appears to home in on larger banks with higher trading volume and ease the requirements for others.
May 30 -
The investment firm obtained $430 million of financing on its leasehold interests in 355,000 square feet of retail and office space, but it just lost its one office tenant, Amtrak.
May 29 -
Mick Mulvaney, the agency’s acting director, suggests U.S. startups — like their U.K. counterparts — may eventually be able to test products without fear of regulatory action.
May 29 -
Just two months ago, Comptroller Joseph Otting seemed to signal that the OCC might be open to letting national banks rent their charters to payday lenders. Now he is clarifying that it won’t happen.
May 29 -
The London interbank offered rate will likely be replaced by a new reference rate that critics say is better suited for the derivatives market than it is for commercial lending.
May 28 -
The remarks by the comptroller of the currency came as his agency released a new report on emerging risks in the banking industry.
May 24 -
In the continued absence of legislation, Fannie Mae and Freddie Mac’s regulator announced work on a new capital framework.
May 23 -
It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.
May 23 -
Government-sponsored enterprises Fannie Mae and Freddie Mac are in a race to offer services and technology that help mortgage bankers raise cash from mortgage servicing rights.
May 23 -
The CFPB is looking to rescind Obama-era policy that allowed it to punish banks and financial firms for unintentional discrimination.
May 21 -
A continued "oversupply" of CLO deals, along with expectations for new debut or returning managers in the absence of risk-retention requirements, is expected to keep activity flowing.
May 21 -
JPMorgan Chase has largely sat on the sidelines of Federal Housing Administration lending due to compliance concerns. But recent regulatory relief efforts have Chase Home Mortgage CEO Mike Weinbach eyeing an opportunity to jump back in.
May 21 -
Monthly repayment rates, a key credit metric, are improving, but Ally Financial's second dealer inventory financing transaction of the year includes fewer dealers from its highest-ranked internal credit tier.
May 18 -
Senate Democrats want acting CFPB Director Mick Mulvaney to explain why the agency is no longer policing student loan lenders and servicers.
May 18 -
Although the Consumer Financial Protection Bureau is loosening certain mortgage rules, others such as restrictions on loan officer compensation and state-level regulation will likely persist, according to industry attorneys.
May 18 -
Test your knowledge of the secondary mortgage market with this quiz of key industry abbreviations.
May 18 -
The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.
May 17 -
The commercial real estate lender, which is controlled by Canadian and Singapore sovereign wealth funds, included some unusual features in the deal, such as a two-year revolving period.
May 17 -
Acting CFPB Director Mick Mulvaney has dropped agency plans to crack down on overdraft programs and large marketplace lenders. Here's what else he's changing.
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