Global Lending ready to sell $225.3 million from auto loans
Transactions from 2024 are performing better than deals issued in 2023, and deals from 2025 and 2024 are performing well with in expectations.
Banking
Reach Financial’s first deal this year raises $550 million
Express Settlement Loans, or E-Loans, extended to customers enrolled in a debt relief program, and Consolidation Loans, or C-Loans, for more qualified borrowers are in the pool.
Unsecured consumer loan ABS issuance sets records in 2025
The dollar volume of unsecured consumer loan rose dramatically. But as consumer lending rises, so do the default risks.
The top 5 legislative battles waiting for Congress in 2026
When Congress returns from its recess in 2026, a number of financial legislative issues will be teed up, including crypto market structure, deposit insurance and supervisory disputes.
Consumer loans secure Pagaya Structured Products’ $321.4 million offering
Among changes from the PAID 2025-8 transaction, the current deal has a 24-month revolving period when eligible collateral can be purchased.
It’s all on the line for the CFPB in 2026
The Consumer Financial Protection Bureau will face an existential crisis in 2026 between the Trump administration's efforts to shut down the agency and the employee union and consumer advocates who want to stop them.
Dems in Congress sharpen criticism of SBA immigration rules
Democratic senators are attributing a recent decline in lending activity to a Trump administration regulation that puts new restrictions on borrowers with foreign ownership.
Tricolor’s excel guy failed to fix numbers in alleged fraud
Discrepancies were ultimately flagged not by regulators or auditors, but by a junior analyst at Waterfall Asset Management, one of Tricolor's lenders
Tricolor founder Chu charged with alleged fraud, DOJ says
The indictment accuses Daniel Chu and other executives who had worked at Tricolor of operating the company through "systemic fraud."
Tricolor trustee plans to sue bankrupt auto dealer’s founder
The trustee asked a Dallas federal judge to limit Chu's access to $15 million worth of insurance that normally kicks in when directors and officers of a company are facing legal problems related to their corporate duties.
Seven state AGs demand more information from BNPL lenders
As federal watchdogs step back from regulating "Buy Now, Pay Later" loans, state authorities are stepping in. This week, the attorneys general from California and several other blue states joined the fight.
GSE credit reform: Rent data impact on pricing and LLPAs
What developments around rent reporting and new credit standards portend for mortgage companies. Part 2 of a series on government-sponsored enterprise changes.
FICO upgrades its cash-flow-powered score with real-time data
The credit score firm partnered with Plaid to bring additional cash-flow data into its previously released UltraFICO score.
Trump taps OMB official as new nominee for CFPB director
President Trump has nominated Stuart Levenbach, associate director of the Office of Management and Budget, to be the director of the Consumer Financial Protection Bureau. His selection allows acting CFPB Director Russell Vought to remain in place for at least another 210 days.
Upstart raises $320 million in ABS from unsecured consumer loans
Since introducing the Upstart Macro Index to address increasing delinquency rates in previous years, the changes to its underwriting and credit models have improved future vintages' performances.
Mortgage credit availability hits 3-year high
Mortgage credit availability increased 2.3% to 106.8 last month, marking the fourth consecutive month of growth.
Westlake Flooring’s dealer floorplan ABS raises $230.9 million
WFLOOR 2025-1's annualized monthly yield, which averaged 20% since 2018, has been consistently higher than most other dealer floorplan trusts that Moody's rates.
Top SBA lenders left in the lurch by government shutdown
Top SBA lenders are warning about the impact of a prolonged shutdown. NewtekOne skipped providing fourth-quarter guidance after its CEO said the situation was too cloudy to forecast.
Delinquencies rise, signaling borrower pressure
Late-stage mortgage delinquencies hit the highest level since January 2020 in September, a new report from VantageScore found.
Consumer lender PowerPay approaches market to raise $556 million
This is PowerPay's second 144A transaction, which has a 90-day prefunded period, initially funded with $132.9 million in deposits.
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