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Read the latest articles and press releases about securitization and structured finance.

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Industry News

Hertz Reaches Temporary $650 Million Deal in Bankruptcy Case

In a filing with the U.S Bankruptcy Court of the District of Delaware on Monday, Hertz Global Holdings Inc. announced that it has reached a temporary $650 million deal regarding its decision to reduce the size of its leased fleet.

SFA News

SFA Files Amicus Brief in CFPB v. NCSLT Case

This Monday, July 20, SFA formally filed its amicus curiae brief in the Consumer Financial Protection Bureau v. The National Collegiate Master Student Loan Trust, et al. case with the U.S. District Court for the District of Delaware.

SFA News

SFA Files Amicus Brief related to CFPB v. National Collegiate Student Loan Trusts Case

On Tuesday, June 30, SFA filed an amicus brief with Delaware Chancery Court related to the CFPB v. National Collegiate Student Loan Trusts Case.

Industry News

SCOTUS Rules CFPB’s Leadership Provisions Unconstitutional: Gives President Unfettered Right to Fire Director – While Upholding the Constitutionality of the CFPB Itself

The U.S Supreme Court invalidated the limitation of the powers of the President to fire the Director of the Consumer Financial Protection Bureau (CFPB) in Seila Law LLC v. Consumer Financial Protection Bureau decision.

SFA News

SFA Files Amicus Brief in Hertz Bankruptcy Case

Last Friday, June 26, SFA requested the Court to accept the filing of its amicus brief with the United States Bankruptcy Court for the District of Delaware related to the Hertz bankruptcy.

SFA News

SFA Applauds FDIC Final Rule on Federal Interest Rate Authority

June 25th, the FDIC issued its Final Rule which reaffirms the longstanding “valid when made” doctrine, a nearly 200-year-old principle in contract law.

SFA News

SFA Submits Comment Letter to OCC on Valid-When-Made Proposal

On Tuesday, January 21st, SFA and the Bank Policy Institute (BPI) submitted a joint letter to the Office of the Comptroller of the Currency (OCC) on its Valid-When-Made proposed rule.

Industry News

Moody’s views OCC/FDIC Proposal as a Credit Positive

Moody’s Analytics recently published commentary analyzing the FDIC’s and OCC’s proposals that aim to fix the legal uncertainty surrounding the “valid-when-made” doctrine.

SFA News

Valid-When-Made Doctrine Discussed in Congressional Hearings

This week the House Financial Services Committee and Senate Banking Committees held oversight hearings with Prudential Regulators. Perhaps the most contentious topic in the hearings was the FDIC’s and OOC’s recent proposed regulation in response to the valid-when-made doctrine and the Madden decisions.

SFA News

Statement by Michael Bright, Chief Executive Officer, Structured Finance Association, on the OCC and FDIC Rulemaking Proposals, November 20, 2019

The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) this week have proposed changes to rules that would reaffirm the power of national banks and federal savings associations, and state-chartered banks, respectively, to securitize, sell, assign or transfer loans without impacting the enforceability of the interest rate on a loan.