Pulte plans ‘full scale review’ of credit bureaus
Bill Pulte, regulator and conservator of entities that buy and securitize many mortgages, also reaffirmed he's 'not happy with" lenders' main score provider.
Banking
Canvas Cards prepares to sell $250 million in ABS
A revolving pool of Walmart-branded Mastercard accounts will support the deal, which presses ahead despite risks tied to U.S. tariff policy.
Researchers find ‘surprise’ in new mortgage delinquency data
While consumer distress in auto and personal loans also picked up, the pace of growth among mortgages was atypical, Vantagescore's monthly credit gauge said.
FICO adds BNPL data to credit-scoring models
Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.
Oportun’s unsecured consumer loans back $342.8 million in ABS
With a shifting pool mix, concentration limits and other restrictions applied to the new assets, Fitch gives the overall deal a 15.2% base case default expectation.
If the CFPB goes away, what happens to its authorities?
The Trump administration is seeking to fire roughly 90% of the Consumer Financial Protection Bureau's staff and is fighting for that right in court. But if the administration prevails, can other consumer protection authorities from other federal regulators pick up the slack?
Big banks ramp up fossil-fuel financing, climate groups find
In 2021, banks pledged to wind down their support for oil and gas. Last year they made a $162 billion U-turn, according to a new report from a coalition of advocacy groups.
Asset manager Dawson pools private fund stakes in $1.2 billion deal
The deal was divided into multiple debt pieces rated by Kroll Bond Rating Agency as well as a riskier first-loss piece.
Upstart’s consumer loans plans to raise $294.5 million in ABS
A cumulative net loss trigger and a material modified loan ratio trigger will direct all available funds to the note principal payment if they are breached.
Demand for SBA loans rises, main program may reach ceiling
The Trump administration's fiscal 2026 budget carries over 7(a)'s $35 billion funding authority for a fourth consecutive year, even though lending has grown significantly
SoFi’s pool of consumer loans secures $690.3 million in ABS
DBRS noted that about 90.5% of the 4,011 loans receive payment through Automated Clearing House, which boosts payment capture rates and minimizes cash handling.
Muzinich and Eagle Point take 1988 strategy to Europe
1988 Asset Management has priced and closed $2.5 billion in CLOs in the U.S., and the partnership expects to issue CLOs regularly in Europe.
Philadelphia-area credit union seizes on SBA for relevance
Citadel Credit Union is joining the small cadre of credit unions active in the Small Business Administration's biggest loan program as it seeks to expand in its small-business-rich footprint.
Dimon: JPMorgan has lost overseas clients amid trade war
The nation's largest bank is optimistic about its overall performance this year, but CEO Jamie Dimon still thinks there's a bigger chance of stagflation than markets are anticipating.
Fed’s Barr warns of long and lasting supply chain disruption
Federal Reserve Gov. Michael Barr said tariffs could have an outsize impact on small businesses and hardships could outlive the trade policy debate.
Trump’s CFPB has dropped half of all pending litigation
The Consumer Financial Protection Bureau has dismissed or withdrawn from more than 20 lawsuits as the Trump administration reverses the work done during the Biden era.
Cherry Securitization floats $300 million from loans on elective medical procedures
The dental and medical spa industries accounted for 60.1% and 26.0% of the deal's balance.
Agora Data makes ABS debut with $112.1 million
Agora started out by providing independent and franchise dealerships with an online platform to manage their retail installment sale contracts (RISCs).
How Santander plans to grow in the US
While other European-based banks have retreated from the United States, Santander is doubling down by building out its nationwide digital-banking platform. "Unequivocally," said U.S. CEO Christiana Riley, "the opportunity … is so clear."
CFPB wins rare judgment over student loan debt relief firm
A federal judge has ordered FDATR, a now-defunct student loan debt relief provider, to pay $43 million in restitution and fees, bucking the trend of cases brought by the Biden administration-era Consumer Financial Protection Bureau being dropped.
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