Commercial banking

Brian Reilly is an employee benefits consultant at Corporate Synergies. Board Secretary for the Westchester Human Resource Management Association (WHRMA), Brian specializes in helping employers find solutions for complex healthcare concerns.

Four companies are fighting CFPB enforcement actions by claiming the agency cannot be funded by the Federal Reserve, which has not been profitable since 2022. The consumer bureau calls the new legal theory "meritless."

FCI Funding 2024-1 has an additional tax liens account that can purchase up to $23 million of qualified assets on or prior to the second anniversary of the deal's closing date, while the subsequent tax lien account will be funded to $5 million for use during the reinvestment period.

Asset manager-led transactions targeting asset-based finance (ABF) gained momentum following the regional banking crisis, which are typically the go-to for consumer and small business loans.

Yuval Teller-Hason is Director of Business Operations at Ledge, a finance operations platform that automates high-volume reconciliation with AI. Prior to joining Ledge in 2023, he worked for nine years in the Israel Ministry of Finance where he built economic strategy for the banking, capital management, and insurance sectors, led legislation efforts for open banking, and designed initiatives to develop the local payment market, including the creation of a new regulatory framework for payment service providers.

Investor demand for loans made outside the qualified mortgage definition can shift over time. It's recently been going through a period of particular strength.

The market action comes as traders narrow in on bets that the Fed will kick off its easing cycle with a 25-basis-point reduction in September, rather than a larger 50-basis-point move.

Matt Wood is the global head of finance and accounting outsourcing (FAO) at Personiv, responsible for delivering finance and accounting solutions to clients worldwide. He joined Personiv in 2016, bringing a wealth of experience from organizations including HireBetter, Dell and Princeton Recruiting Group, with a focus in recruiting and operations.

Erich Kron is Security Awareness Advocate for KnowBe4, the world-renowned cybersecurity platform that comprehensively addresses human risk management with over 70,000 customers and more than 60 million users.  A 25-year veteran information security professional with experience in the medical, aerospace, manufacturing, and defense fields, he was a security manager for the U.S. Army's 2nd Regional Cyber Center-Western Hemisphere and holds CISSP, CISSP-ISSAP, SACP, and other certifications. Erich has worked with information security professionals around the world to provide tools, training, and educational opportunities to succeed in information security. Contact him through LinkedIn: https://www.linkedin.com/in/erichkron/.

Vice President Kamala Harris outlined a raft of populist economic proposals in her first major economic speech since securing the Democratic presidential nomination, including some aimed at lowering housing costs and boosting supply.

The Swedish institution is adding savings accounts to its signature buy now/pay later service as it plots an IPO. Analysts say it will be a struggle to go against U.S. institutions.

The transaction's notes have increased excess spread, as well as some structural optimization by the issuer, S&P said, which helps account for lower total initial hard credit enhancement levels for all classes of notes.

Ashley Fontanetta is senior vice president, client advisor with Whittier Trust, providing advisory and administration services to high net worth individuals and families.

She specializes in philanthropic planning and administration, providing strategic consultation and guidance for clients who have an existing philanthropic entity or are looking to create one. Prior to joining Whittier Trust, she worked as a financial advisor. Prior to that, she spent several years as a director of a nonprofit organization serving chronically ill youth in Los Angeles and the Bay Area.

The fund, Sound Point Meridian Capital, invests in CLO equity. Fewer than 10 of these closed-end funds trade now, partly because starting one requires a backer willing to leave the money invested for years.

Dave Warfel is Head of Aviation, North America for global insurer Allianz Commercial. Dave has two decades of aviation insurance experience with a background in general aviation, product liability and airline underwriting. He is a graduate of the Institute of Aviation at the University of Illinois and is a licensed commercial pilot.

While the total dollar volume of apartment originations fell last year, the number of companies making loans increased from 2022, the Mortgage Bankers Association said.

The pool contains 494,987 accounts, where the top borrower accounts for 0.32%, and the top five account for 1.19%, and its granularity counts as a positive credit attribute.

Mark Lowers is the president of the Secure Cash & Transport Association.

Underwriting league tables of asset-backed securities through August 15, 2024

Issuance volume of asset-backed securities for the year through August 15, 2024