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Veros Credit received an AA rating in its 2018-1 transaction, which featured lower loan-to-value ratios and average account balances in the pool.
March 3
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Debt collectors would have to tell consumers upfront that they cannot sue to recover "time-barred" debt under a proposal issued Friday by the Consumer Financial Protection Bureau.
February 21
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Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.
February 19
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The deal for Boston-based Radius would be the first in history in which an online lender buys a mainstream bank.
February 18
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According to presale reports on Flagship’s $355 million auto-loan securitization, the subprime auto lender is removing the 2% collateral pool limit on loans over six years (72 months) that can be added during a three-month prefunding period for Flagship Auto Credit Trust 2020-1.
February 6 -
Members of the House Financial Services Committee chastised Kathy Kraninger for not supervising student loan servicers and failing to examine firms for compliance with the Military Lending Act.
February 6
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Think Finance, which had teamed with tribal lenders to offer high interest installment loans, could no longer make or collect on loans in states that have caps on interest rates, under terms of a proposed settlement with the Consumer Financial Protection Bureau.
February 6 -
The two agencies said they will exchange student loan complaint data after their information-sharing efforts had been in limbo for over two years.
February 3
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Toyota Motor Credit Co. is sponsoring a $1.25 billion loan-backed transaction (potentially upsized to $1.75 billion), while regional Toyota captive finance lender World Omni Finance Corp. is sponsoring an auto-lease deal at either $766.5 million or $962.9 million.
February 3
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Mortgages, auto loans and credit cards should perform well for the next two quarters. Beyond that, all bets are off.
January 31
