At IMN’s CLO conference this week, investors urged CLO managers to comply with risk retention, while Republican Congressman Andy Bar is pushing for exemptions before the rule’s 2016 deadline.
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House reworks institutional investor ban in housing bill
House lawmakers modified a ban on big-money investors from purchasing single-family homes, broadening the exemptions for build-to-rent properties and eliminating requirements in a Senate version of the bill that affected investors divest their holdings.
CFPB issues pared-down small business data collection rule
The Consumer Financial Protection Bureau Thursday will publish a revamped version of its Section 1071 small business data collection rule, dramatically scaling back the data to be collected and the number of lenders who must comply.
Banks urge CFPB to halt small-business rule pending high court decision
Two bank trade groups have asked the Consumer Financial Protection Bureau to relieve all banks from complying with its small-business lending rule until after the U.S. Supreme Court decides whether the bureau's funding is constitutional.
Deadline approaches for relief from SEC amendment that could wallop ABS
The amended longstanding rule could drain liquidity from asset securitization markets, while a separate disclosure proposal is poised to burden CLOs.
By
John Hintze
CLO managers need to offload aging loans and the clock is ticking
If they can't sell the CLOs over the next year or so, their loans may be liquidated, causing a potential flood of selling that could press prices lower in a market that's already been hit by recession fears.
