A legal-funding company is being accused of targeting 9/11 responders and scamming them out of millions of dollars.
More From Asset Securitization Report
Wall Street’s AI debt machine is starting to choke on supply
Yields are soaring into the double digits on bonds and loans funding the AI infrastructure buildout. Bankers are finding it more difficult to offload risk to insurers and other investors.
For Fed, politics impossible to avoid in pre-midterm FOMC
The Federal Open Market Committee's voting history heading into previous elections might shed light on how it approaches this week's decision.
Treasury haven trade bounces back as technology stocks slump
Traders were pricing in about a 35% chance the Fed opts for an interest-rate hike later this month after U.S. producer prices rose in September at the fastest pace in more than four years.
Student lender collapses as immigrant crackdown roils loan book
The company has more than $400 million of outstanding ABS, and is now in talks with creditors over what happens to its remaining assets and operations.
Barr: ‘now is the time’ to prepare for AI-driven job losses
Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
