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American Banker research finds that while more than 30% agree buy now/pay later is good for banks and consumers, the majority of respondents are unconvinced.
DBRS Morningstar and Moody’s Investors Service have assigned preliminary ratings to the Classic RMBS Trust, Series 2020-1 transaction sponsored by Home Trust Co.
Synchrony Financial has mapped out a public offering of $547.9 million in notes backed by credit card receivables, in the latest of 23 series it has outstanding through the Synchrony Credit Card Master Trust.
Fannie Mae priced its second offering of Connecticut Avenue risk-sharing notes at spreads that were significantly tighter than those of its inaugural issue in October of last year.
Fitch Ratings said that in September credit card charge-offs for securitized accounts dropped to lows only seen once before in the 23-year history of the ratings agencys indices.