First Investors raises $497.5 million in vehicle financing
For the first time, the FIAOT shelf includes commercial vehicles originated through the SFS's Captive Program, extending vehicle financing to small business owners.
Banking
Pagaya offers $586.2 million in consumer loan ABS
Before the transaction has amortization event, principal payments will enter full turbo during the deal's first 12 months.
Senator calls for FTC investigation into FICO score pricing
Republican Sen. Josh Hawley repeated his long-standing criticism of Fair Isaac Corp. in a letter noting the detrimental impact of its prices on home buyers.
Deutsche Bank, UBS, SocGen calm on private credit exposures
The $1.8 trillion private credit market is witnessing an exodus of investors after some high-profile corporate blowups led to mounting concerns over loan quality and exposure to software firms.
Affirm’s point-of-sale loans support $518.1 million
All tranches have lower levels of credit enhancement, compared with the AFRMT 2026-1 transaction.
Bankers warn of fallout from a prolonged Middle East conflict
At an industry conference Tuesday, bankers said that an extended war with Iran will result in adverse economic conditions, including inflation.
Small businesses grow less hopeful for future: Fed study
Key measurements of small businesses' health remained stable in 2025, according to a new study by the 12 regional Federal Reserve banks. But those firms' optimism about the future reached its lowest point since 2020.
SBA’s new eligibility rules expected to funnel loans to nonbanks
As the Trump administration limits access to only U.S. citizens, volume in the Small Business Administration's flagship loan program is already trailing the 2025 pace. Experts predict that the tighter eligibility criteria will send more loans to nonbanks.
Consumer debt accelerates in December, fueled by mortgages
Total consumer debt in the United States hit $18.2 trillion by the end of last year, with $12.8 trillion attributed to first mortgages, according to Equifax.
M&T says Tricolor-related lawsuit could lead to losses
The Buffalo-based bank didn't specify the size of potential losses from a suit that grew out of the collapse of subprime auto lender Tricolor Holdings. M&T said its trust subsidiary will "vigorously defend itself" against claims by investors who allege that it should have protected them from alleged fraud.
White House report says CFPB raised borrowing costs
A White House Council of Economic Advisers report published Tuesday found that the CFPB cost consumers between $237 and $369 billion since its creation, an analysis that consumer advocates and some financial academics say is flawed.
Goldman’s top lawyer Ruemmler to leave over Epstein ties
The Wall Street investment bank had staunchly defended Kathy Ruemmler over her previous association with Jeffrey Epstein.
Experts weigh whether CFPB database tweaks help or hurt
The Consumer Financial Protection Bureau's complaint portal has been flooded in recent years, but corporate debt collectors, industry attorneys and consumer advocates question whether the bureau's efforts to reduce the volume will help consumers as much as it helps the firms they're complaining about.
Souring card debt is plateauing at elevated level: New York Fed
Delinquencies on credit-card debt mostly held steady at the end of last year, but certain groups of consumers are faring better than others.
Subprime autos back GCAR’s latest ABS issuance, raising $907 million
Total initial credit enhancement increased to 11.40% for the class D notes, from 11.25%. It also decreased for classes B, C and E, and levels on the class A notes stayed the same.
Avant Loans raises $200 million from unsecured consumer loan pool
The deal will not make any principal payments during the revolving period unless it needs the cashflow to maintain the required overcollateralization amount.
CFPB warns consumers about filing credit bureau disputes
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
Exclusive research Community bankers distrust the Fed, fear nonbank competitors
American Banker's 2026 Predictions report finds that nonbank entities and check fraud are major threats to local banks in the coming months.
Chicago bank becomes first failure of 2026
The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to Detroit-based First Independence Bank, costing the Federal Deposit Insurance Corp.'s Deposit Insurance Fund an estimated $19.7 million.
Bridgecrest’s pool of subprime auto loans supports $649.9 million
The deal includes some structural changes, such as subordination levels of 41.05%, 32.25%, 19.45% and 6.10% on classes A, B, C and D, respectively, and all those levels increased from the previous deal.
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