Commercial banking

With a potential upsize to $1.3 billion, series 2024-1 features a potential floating-rate tranche benchmarked to the 30-day compounded Secured Overnight Financing Rate (SOFR).

She cited the increase in interest rates, higher vacancy rates thanks to shifting work patterns triggered by the pandemic and a wave of commercial real estate loans coming due this year.

Car loan delinquencies are worsening across all age groups and income levels, as high interest rates and elevated car prices take a toll, according to the New York Fed. But executives at some large auto lenders remain relatively confident about their customers' ability to stay afloat.

Susan Foulds is a managing director of Keynova Group, a competitive intelligence firm serving the digital financial services industry.

Todd Schwartz is the chief executive officer and founder of OppFi.

The majority of users are looking for new credit lines and others want to improve their scores. Credit monitoring by consumers may be a good indicator of both, Transunion found.

The loans have a weighted average (WA) score of 781, the highest to date for the platform, and the deal also has several key positive credit highlights, including the lowest concentration of leases with terms greater than 36 months.

Deloitte Consulting

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Brett Bolton is Vice President and Head of Government and Industry Relations at the Bond Dealers of America

Melissa Gutierrez serves as Pets Best's Senior Vice President and General Manager. Melissa's dedication to innovation, the customer experience and expanding digital solutions in the pet insurance industry has made her a transformative leader at Pets Best since she joined the company in 2020, landing her a 2023 "Women in Insurance Leadership" award from Digital Insurance.

On a weighted average basis the loans have a 7.03% coupon and a remaining term of 4.9 years. All 24 loans are full-term, interest-only loans.

Logan Mallory is the vice president of marketing at Motivosity.

Yerbol Orynbayev is president at TurmaFinTech, a fintech startup helping U.S. community banks retain customers through AI and ML tools. Prior to his consultancy career, Orynbayev served as the deputy prime minister of Kazakhstan from 2007 to 2013 and as aide to the president on economic policy from 2013 to 2015. He also worked as the governor of the World Bank on behalf of Kazakhstan and helped steer the nation out of the 2008 financial crisis.

Yields across the maturity spectrum climbed as much as 10 basis points on the day, reaching session highs after the ISM gauge of service-sector activity for January exceeded economist estimates.

A clash over pay playing out in contract negotiations between the Consumer Financial Protection Bureau and its employee union occur as the Supreme Court is considering whether the agency must get its funding from Congress.