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Jordan Hansen

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Senate passes bill lifting Sub V cap to $7.5M

Advances and factoring absorb it; secured keeps 1129(b)

Jordan Hansen

Regulatory Technology [RegTech]

Massachusetts Took $2.5M Over AI Underwriting, Using a Theory Federal Law Dropped on July 21

Aug 8, 2026

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12 min read

Massachusetts Took $2.5M Over AI Underwriting, Using a Theory Federal Law Dropped on July 21

Regulation B covers business credit, so the effects test left your merchant files too. New Jersey's statute reaches any loan for whatever purpose, and it did not move.

Jordan Hansen

Market Dynamics & Strategy

Banks Loosened Business Credit Past Its Historical Midpoint, Citing Nonbank Competition

Aug 6, 2026

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11 min read

Banks Loosened Business Credit Past Its Historical Midpoint, Citing Nonbank Competition

The Fed's July survey, released August 3, puts every other loan category at the tight end of its range since 2005, including the credit banks extend to nonbank lenders.

Jordan Hansen

Alternative Financing

Sallie Mae Targets $5 Billion a Year as Washington Exits Graduate Lending

Aug 4, 2026

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10 min read

Sallie Mae Targets $5 Billion a Year as Washington Exits Graduate Lending

The Ninth Circuit locked in $23 billion of borrower-defense relief the same month Grad PLUS ended. A roughly $15 billion a year federal market now belongs to private and state lenders, on private terms.

Jordan Hansen

Market Dynamics & Strategy

Open Lending's Only Bidder Cut Its Offer From $3.50 to $3.15

Aug 1, 2026

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9 min read

Open Lending's Only Bidder Cut Its Offer From $3.50 to $3.15

Eight buyers were contacted and one bid. While the two sides negotiated, certified loan volume kept falling, and the offer followed it down.

Jordan Hansen

Alternative Financing

Fortress Will Buy $1.5B of Merchant Advances

Jul 30, 2026

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8 min read

Fortress Will Buy $1.5B of Merchant Advances

A three-year forward flow for 5-to-10% fixed-fee paper, terms undisclosed

Jordan Hansen

Regulatory Technology [RegTech]

SBA Pushes $10M Loans as Defaults Hit a 12-Year High

Jul 28, 2026

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9 min read

SBA Pushes $10M Loans as Defaults Hit a 12-Year High

One borrower can now stack $5M of 7(a) on $5M of 504. The taxpayer guarantee cap never moved

Jordan Hansen

Regulatory Technology [RegTech]

Credit Washers Erased $10B. Their Files Score Prime

Jul 25, 2026

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8 min read

Credit Washers Erased $10B. Their Files Score Prime

Suppressed charge-offs default at 12x the clean-file rate; auto fraud losses tripled to $323M

Jordan Hansen

Regulatory Technology [RegTech]

Car-Mart Collected $730M and Still Ran Out of Cash

Jul 23, 2026

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8 min read

Car-Mart Collected $730M and Still Ran Out of Cash

The waterfall kept the cash. 60 of 154 lots closed, then came the going-concern warning

Jordan Hansen

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Archive

Senate passes bill lifting Sub V cap to $7.5M

Massachusetts Took $2.5M Over AI Underwriting, Using a Theory Federal Law Dropped on July 21

Banks Loosened Business Credit Past Its Historical Midpoint, Citing Nonbank Competition

Sallie Mae Targets $5 Billion a Year as Washington Exits Graduate Lending

Open Lending's Only Bidder Cut Its Offer From $3.50 to $3.15

Fortress Will Buy $1.5B of Merchant Advances

SBA Pushes $10M Loans as Defaults Hit a 12-Year High

Credit Washers Erased $10B. Their Files Score Prime

Car-Mart Collected $730M and Still Ran Out of Cash

Beyond Banks