The $638.2 million MBS follows a $788.9 million deal that Chase brought to market in August. Only a handful of MBS from other issuers this year have topped $400 million...
A single-director structure at the CFPB in which the president has complete authority to put some new in charge will be even more negative for financial firms than the status quo, said one analyst.
Alex Pollock: Even if you allow the companies a credit of 2% interest on their over-payments, they would nevertheless be left with a principal debt exceeding $100 billion.
In a report released Friday morning, Cowen Washington Research Group analyst Jaret Seiberg noted that banking regulators have been using consent decrees for years. “Such orders also tend to include conduct restrictions on the banks,” he said…