Category Finance

KBRA Preliminarily Rates Sunnova Hestia II Issuer, LLC Solar Loan Backed Notes, Series 2024-GRID1

KBRA has assigned preliminary ratings to two classes of notes issued by Sunnova Hestia II Issuer, LLC Solar Loan Backed Notes, Series 2024-GRID1, totaling $168.9 million in a residential solar loan ABS transaction. This marks the second securitization under the…

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Michael Solomon Elevated to Executive Vice President of Examinations and Membership Application Program at FINRA

FINRA has announced the promotion of Michael Solomon to the position of Executive Vice President of Examinations and Membership Application Program, effective immediately. Solomon, who rejoined FINRA in 2022 as Senior Vice President and Head of Examinations, has since taken…

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Expanding Financial Wellness: EarnUp Empowers Lenders & Servicers with Text-to-Pay Capabilities

EarnUp, Inc., a fintech company specializing in financial wellness, has unveiled a new feature allowing lenders and servicers to integrate text-to-pay functionality via debit card into its platform. This advancement responds to the increasing demand for convenient mortgage payment options…

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Focus Unveils Major Transaction: Buckingham Strategic Wealth and The Colony Group to Merge

Focus Financial Partners Inc. (“Focus”), a prominent partnership comprising fiduciary wealth management and related financial services firms, disclosed today during its semi-annual partners meeting that it is in advanced negotiations to finalize an agreement whereby Focus partner firm Buckingham Strategic…

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Federal Reserve Reports: Growing Adoption of Faster and Instant Payment Services by U.S. Businesses and Consumers

The latest studies from Federal Reserve Financial Services reveal a rapid surge in the adoption of digital, faster, and instant payment services among U.S. businesses and consumers. Particularly noteworthy is the significant growth in the use of digital wallets, with…

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Intercontinental Exchange, Inc. Begins Private Exchange Offer for Black Knight InfoServ LLC’s 3.625% Senior Notes due 2028

Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”) announced today that it is commencing a private exchange offer (the “Exchange Offer”) with respect to the outstanding 3.625% Senior Notes due 2028 (the “BK Notes”) issued by Black Knight InfoServ, LLC, a wholly…

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