Starting out as a consumer lender in 2012, Plenti began to make auto loans through its proprietary platform in 2017 and also offers peer-to-peer lending access.

Such applications have declined on an annual basis for the past three months, but overall weekly numbers increased due to a jump in refinances amid plummeting rates.

Combined with its pending acquisition of HSBC's East Coast branches, the deal would give the Rhode Island-based Citizens a top-10 deposit market share in metropolitan New York.

States have the option of adopting the oversight framework issued by the Conference of State Bank Supervisors, which resembles capital and liquidity plan proposed by the Federal Housing Finance Agency.

The potential amendments could expand coverage but also add new record-keeping and systems requirements for large banks handling custodial accounts.

The trust scales back on its office concentration, and increases multifamily and retail exposure. The latter's concentration is higher than all YTD averages since 2019.

Western central banks trying to develop sovereign cryptocurrency models face pushback from lawmakers and other obstacles, while the digital yuan has a much clearer path.

Expanded prime and non-prime mortgages underpin the pool in the deal, issuing $459.8 million in notes.

The guarantor has for the first time proposed a risk-based capital requirement for companies not subject to other federal regulation. The industry says the plan, which would impose a heavy charge for servicing portfolios, could drive lenders away from government-backed programs.

States in its footprint have some of the lowest vaccination rates in the country. Another round of shutdowns could further damage industries like hospitality that have already been hit hard by the pandemic, executives said.

Similar to other CLOs, Golub 54 has a reinvestment period of four years, with a two-year non-callable period.

Small Business Administration lenders have reported strong quarterly results, but those gains could evaporate later this year. Here’s why.