Unlicensed deals lose enforceability starting January 1, 2028
The SEC says only about 30 of 5G Funding's 184 advances were collected in full while investor reports showed returns of 25% to 60%
A $66 billion bank is paying up for a nonbank lender's cheap deposits to close a 107% loan-to-core-deposit gap, not to grow its loan book.
A federal watchdog says the SBA stopped examining its nonbank 7(a) lenders in 2023, as $1.3 billion of loans entered liquidation.
Plain Green admits nothing, may still collect principal and can resume Minnesota lending under state law after 120 days' notice.
Credit Acceptance says the settlement needs no new charge; the decree caps sub-600 vehicle prices at 109% of book and bars debt sales on early defaults.
Fed officials see a 4.1% median rate at year-end, and prime-indexed bank payments rise for merchants who carry them.
Co-CEO Jack Neumark says the $55 billion firm sees an asymmetric bet in AI data center credit.
Chime, 1 of its 2 deposit banks, says it will consolidate at Stride once it owns the charter.
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