Joseph Cioffi was quoted in a GlobalCapital article, "'As good as it gets' — Hertz prints blockbuster ABS.”
Joseph Cioffi and Nicole Serratore's article, “Biden Administration Signals Change in Direction for Subprime Auto Regulations,” was published in Westlaw Today. Click here to view the full article.
360° Market Study of Subprime Auto Participants
NEW YORK, June 17, 2021 – Subprime auto market participants are expecting some deterioration in 2021 as concerns shift from the economic uncertainty brought about by the pandemic, to regulatory uncertainty ushered in with the new presidential administration. The potential for heightened regulatory scrutiny is weighing on market players, according to the third annual market study released today by...
Residential mortgage lending has seemed to fare reasonably well in the thick of the pandemic due to stimulus and relief programs, but as pandemic-era relief recedes and foreclosures rise, hidden threats to a lender’s first priority lien status may become apparent and require resolution. With foreclosures up 9% in the first quarter of 2021 versus the prior quarter, several recent cases highlight...
Joseph Cioffi was quoted in an Asset-Backed Alert article, "End In Sight for Crisis-Era Case.”
The epic battle of state regulators versus federal agencies for the right to regulate online financial services shows no sign of ending soon. In 2019, a federal New York district judge found that the Office of the Comptroller of the Currency (OCC) lacks the authority to grant non-depository fintechs special purpose charters. Such charters would enable fintechs providing online financial services...
