Education Secretary Betsy DeVos on Tuesday rolled back an Obama administration attempt to reform how student loan servicers collect debt.
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The Federal Deposit Insurance Corp. has so far managed to stay out of the growing battle over how the U.S. fintech sector should be regulated, but that appears likely to end as one of the nations largest online lenders announced plans to apply for a specialty banking charter soon.
May 16 -
S&P and DBRS have diverged on rating the senior notes in a $175.26 million securitization of private student-loan refinancings from Earnest Operations. Also, Comenity Bank has a new private-label card transaction through its World Financial master trust.
May 15 -
Goldman Sachs is marketing nearly $1 billion of commercial mortgage bonds backed primarily by office and retail properties.
May 15 -
A Dutch mortgage lender is planning a second green securitization of 400.7 million in home loans for properties meeting certain energy efficiency and low-carbon footprint guidelines.
May 15 -
Construction lending could make a comeback if bankers persuade Congress to reform capital and other complicated rules on so-called high volatility CRE loans. But will regulators go for it?
May 12
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Barclays U.S. credit card master trust is issuing $632.9 million in new notes backed by a revolving pool of primarily co-branded card receivables.
May 12 -
A leading non-life insurance premium financing (IPF) provider in the UK is preparing an asset-backed transaction backed by a pool of £1 billion in payment-plan receivables.
May 12 -
Issuance volume of asset-backed securities for the year through May 11, 2017.
May 12 -
The former Bear Stearns headquarters building at 245 Park Avenue, a long-time home to cornerstone financial services tenants as well as Major League Baseball, is the sole property backing a new single-borrower $500 million commercial mortgage securitization.
May 11 -
Apollo's MidCap Financial Services Capital Management is marketing its second mid-market CLO of the year in the $1.05 billion Woodmont 2017-2 Trust transaction. Also, 3i is refinancing a 2014 Jamestown CLO deal, and the Vermont Student Assistance Corp. issues is latest series of notes backed by private student loan originations.
May 11 -
Acting Comptroller of the Currency Keith Noreika is floating the possibility of reinterpreting the Volcker Rule, which compelled collateralized loan obligations to divest high yield bonds, or risk losing their biggest customers - U.S. banks.
May 11 -
Ally Bank is marketing another $1 billion auto loan securitization, its third of the year.
May 11



