Deposit account

KBRA Assigns Preliminary Ratings to VStrong Auto Receivables Trust 2024-A

Retrieved on:

Wednesday, March 13, 2024

Banking, Professional Services, Finance, Class, Servicing, Subordination, KBRA, Deposit account, APR, ABS, VSCU

KBRA assigns preliminary ratings to five classes of notes issued by VStrong Auto Receivables Trust 2024-A ("VSTRG 2024-A"), an auto loan ABS transaction collateralized by subprime and nonprime collateral.

Key Points:

KBRA assigns preliminary ratings to five classes of notes issued by VStrong Auto Receivables Trust 2024-A ("VSTRG 2024-A"), an auto loan ABS transaction collateralized by subprime and nonprime collateral.
VSTRG 2024-A is the second 144A offering of auto loan ABS for Valley Strong Credit Union (“VSCU”).
Initial credit enhancement consists of overcollateralization (“OC”), subordination (except for the Class E notes), a reserve account funded at closing, and excess spread.
KBRA considered its operational review of Exeter as well as periodic update calls with the Company.

As interest rates surge: flighty deposits and lending

Retrieved on:

Friday, April 5, 2024

Neumark, Face, BCBS, Quarterly Journal of Economics, COVID-19, Cash, MRO, Intensive word form, Duration, Disclosure, The, Return, Bank statement, DFR, Research Papers in Economics, Investment, DEP, Federal, Prudential, CEMFI, Core, Synthetic control method, Interest rate risk, Journal of Political Economy, Policy, OLS, Logic, PDF, LOAN, ECB, Risk, International, Shock, Quarterly Journal, ROA, Risk management, Panetta, HHS, T2, T3, E51, Silicon Valley Bank, Common, Social science, NBER, EBA, Propensity score matching, Control, JEL, University Challenge 2013–14, Database, Rigidity, Yb, Social Science Research Network, The Journal of Finance, Bednarek, Journal, Research, Public policy, AT1, Journal of Monetary Economics, PSM, Big data, McPhail, Literature, Medical classification, Federal Reserve, Robustness, Paper, NPL, Financial economics, Deposit account, European Central Bank, Gérard Schivardi, Remuneration, Central bank, Conference, Environment, Political economy, MDA, Equation, Collateral damage, Monetary economics, Monetary policy, Kernel, Hoffmann, Website, Movement, Reproduction, Financial intermediary, Silicon, FE, Working paper, Injection, American Economic Review, Data, G21, AnaCredit, Probability, Total, Lombard, Bank

Key Points:

KBRA Assigns Preliminary Ratings to ACHV ABS Trust 2024-1PL

Retrieved on:

Thursday, March 7, 2024

Professional Services, Finance, Deposit account, Class, ABS, Credit, Sale, KBRA, Security (finance)

KBRA assigns preliminary ratings to four classes of notes issued by ACHV ABS Trust 2024-1PL (“ACHV 2024-1PL”), a $200.63 million consumer loan asset-backed securities transaction.

Key Points:

KBRA assigns preliminary ratings to four classes of notes issued by ACHV ABS Trust 2024-1PL (“ACHV 2024-1PL”), a $200.63 million consumer loan asset-backed securities transaction.
The preliminary ratings reflect initial credit enhancement levels of 59.10% for the Class A notes, 39.25% for the Class B notes, 28.15% for the Class C notes, and 13.65% for the Class D notes.
Credit enhancement consists of overcollateralization, subordination (except for the Class D notes), a reserve account funded in subsequent periods after closing, and excess spread.
This transaction represents the 19th overall ABS securitization collateralized by unsecured consumer loans.

KBRA Assigns Preliminary Ratings to VStrong Auto Receivables Trust 2023-A

Retrieved on:

Thursday, October 5, 2023

Banking, Professional Services, Finance, Servicing, KBRA, Deposit account, VSCU, Subordination, ABS, APR, Class, Bank, Telescopic sight

KBRA assigns preliminary ratings to five classes of notes issued by VStrong Auto Receivables Trust 2023-A (“VSTRG 2023-A”), an auto loan asset-backed securities transaction collateralized by subprime and nonprime collateral.

Key Points:

KBRA assigns preliminary ratings to five classes of notes issued by VStrong Auto Receivables Trust 2023-A (“VSTRG 2023-A”), an auto loan asset-backed securities transaction collateralized by subprime and nonprime collateral.
VSTRG 2023-A is the first 144A offering of auto loan ABS for Valley Strong Credit Union (“VSCU”).
Initial credit enhancement consists of overcollateralization (“OC”), subordination (except for the Class E notes), a reserve account funded at closing, and excess spread.
KBRA considered its operational review of Exeter as well as periodic update calls with the Company.

Nacha Adds USAA as a Direct Member

Retrieved on:

Thursday, August 24, 2023

Nacha announced today USAA Federal Savings Bank (USAA) has joined as a Direct Member.

Key Points:

Nacha announced today USAA Federal Savings Bank (USAA) has joined as a Direct Member.
Nacha now has 45 Direct Members, consisting of financial institutions and Payments Associations.
"I am pleased to welcome USAA as a Direct Member and am eager to collaborate with them alongside their fellow Nacha Direct Members to continue growing and innovating the modern ACH Network," said Jane Larimer, President and CEO of Nacha.
Nacha's Direct Members vote on proposed Nacha Operating Rules and contribute ideas and recommendations to keep the modern ACH Network innovative and flourishing.

KBRA Assigns Preliminary Ratings to ACHV ABS Trust 2023-3PL

Retrieved on:

Thursday, July 20, 2023

Banking, Professional Services, Finance, Class, KBRA, Sale, ABS, Deposit account, Credit, Security (finance), Telescopic sight, Issuer

KBRA assigns preliminary ratings to four classes of notes issued by ACHV ABS Trust 2023-3PL (“ACHV 2023-3PL”), a $214.41 million consumer loan asset-backed securities transaction.

Key Points:

KBRA assigns preliminary ratings to four classes of notes issued by ACHV ABS Trust 2023-3PL (“ACHV 2023-3PL”), a $214.41 million consumer loan asset-backed securities transaction.
The preliminary ratings reflect initial credit enhancement levels of 66.00% for the Class A notes, 43.00% for the Class B notes, 32.25% for the Class C notes, and 16.75% for the Class D notes.
Credit enhancement consists of overcollateralization, subordination (except for the Class D notes), a reserve account funded in subsequent periods after closing, and excess spread.
ACHV ABS Trust 2023-3PL will issue four classes of notes totaling $214.41 million.

New Ally survey reveals "Bucket Lists" and affordability top-of-mind for Americans

Retrieved on:

Monday, April 24, 2023

Gen, FDIC, Ally Financial, Generation X, Savings account, United Kingdom, Paper, Research, NYSE, Allied Banking Corporation, Deposit account, Heavy equipment, Online shopping, Tobacco, Construction, Wealth, Ally, Millennials

CHARLOTTE, N.C., April 24, 2023 /PRNewswire/ -- On this National Bucket List Day, a new survey from Ally Financial (NYSE: ALLY) reveals that even amid high-inflation and lending rates, nearly 90% of Americans are still dreaming big with their bucket lists – with many looking forward to everything from trips to Fiji to purchasing their dream home. However, more than one-third of people with a bucket list haven't crossed off a single goal in the last 12 months, and nearly 75% say finances are what's holding them back.

Key Points:

Spending buckets help people set and stick to a budget, add more to their savings and get to their bucket lists even faster.
While similar to Savings buckets as far as functionality, Spending buckets are designed to manage money within Ally Bank's Interest Checking Account, such as monthly and recurring expenses.
The Ally survey found that pen and paper are still the primary budgeting tools for Americans.
This online survey was conducted by CITE Research on behalf of Ally Financial between March 21 and 31, 2023, among 1,000 U.S. adults.

Standby Deposits Secures $5.3 Million to Redefine Rental Deposits through an Innovative Credit-based Solution

Retrieved on:

Wednesday, April 19, 2023

Technology, Construction & Property, Payments, Finance, Venture Capital, Fintech, Banking, Professional Services, Start-Up, Residential Building & Real Estate, Deposit account, Q2, Growth, Housing, Multimedia, Lease

Standby Deposits , a pioneering New York-based start-up, is set to transform the rental market with its innovative and cost-effective alternative to traditional security deposits.

Key Points:

Standby Deposits , a pioneering New York-based start-up, is set to transform the rental market with its innovative and cost-effective alternative to traditional security deposits.
The company has successfully raised $5.3 million in seed funding, backed by leading investors Brunnur Ventures and Stodir hf, who endorse Standby Deposits' mission to empower tenants with a more flexible, affordable, and accessible solution.
Egill Agustsson, Co-founder and CEO of Standby Deposits, expressed his enthusiasm: "We are delighted to have Brunnur Ventures and Stodir on board as we revolutionize the rental landscape with our innovative payment solution.
Seamlessly integrating into existing leasing processes, Standby Deposits' solution requires no additional staff training or procedural changes for property managers.

Green Dot and Wealthfront Extend Partnership to Simplify How Young Professionals Maximize Savings and Build Wealth

Retrieved on:

Monday, December 19, 2022

Founded in 1999, Green Dot has powered more than 33 million accounts directly, and many millions more through its partners.

Key Points:

Founded in 1999, Green Dot has powered more than 33 million accounts directly, and many millions more through its partners.
Wealthfront integrates smart investing and saving services to help young professionals build long-term wealth in all market conditions.
Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.
1 Wealthfront partners with Green Dot Bank, Member FDIC, to offer checking features in the Cash Account.

NYSE to Suspend Trading Immediately in Merrill Lynch Depositor, Inc. PPLUS Class A 6.30% Callable Trust Certificates, Series RRD-1 (Issued by R.R. Donnelley & Sons Company) (PYS) and Commence Delisting Proceedings

Retrieved on:

Thursday, November 3, 2022

Professional Services, Finance, Company, Committee, Board, Exchange, NYSE, NYSE Listed Company Manual, Trust, Review, RR Donnelley, Bangladesh Securities and Exchange Commission, Deposit account, Security (finance), Merrill (company), New York Stock Exchange

The New York Stock Exchange (NYSE, the Exchange) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the PPLUS Class A 6.30% Callable Trust Certificates (Certificates), Series RRD-1 (Issued by R.R.

Key Points:

The New York Stock Exchange (NYSE, the Exchange) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the PPLUS Class A 6.30% Callable Trust Certificates (Certificates), Series RRD-1 (Issued by R.R.
Donnelley & Sons Company) of Merrill Lynch Depositor, Inc. (Depositor) ticker symbol PYS from the NYSE.
Trading in the Depositors Certificates will be suspended immediately.
The Depositor has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.