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

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Press Releases

Structured Finance Association Applauds FDIC Final Rule on Federal Interest Rate Authority

The Structured Finance Association released the following statement after the Federal Deposit Insurance Corporation (FDIC) issued its final rule affirming the “valid-when-made” doctrine, a nearly 200-year-old principle in contract law.

Press Releases

SFA Applauds OCC Final Rule on “Valid-When-Made” Doctrine

SFA released a statement earlier today applauding Friday’s announcement from the Office of the Comptroller of the Currency on a final rule clarifying that “when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible before the transfer continues to be permissible after the transfer.”

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.

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.

SFA News

SFA Files Amicus Brief in Case of Cohen v. Capital One

On Friday, October 4, SFA, jointly with BPI, served a joint amicus brief on the parties in Cohen v. Capital One, a case that was filed in the U.S. District Court for the Eastern District of New York on June 12, 2019.

SFA News

SFA Files Amicus Brief in Case of Petersen v. Chase Card Funding

On Tuesday, August 13th, SFA, jointly with BPI, filed a motion in the US District Court in the Western District of New York for leave to file an amicus brief in the matter of Peterson v. Chase Card Funding.

Industry News

Prudential Regulators Testify in Front of the Senate and House

Committees weigh 2010 financial reform against the administration’s push for deregulation.