Private Student Lenders Got a Huge Boost from Trump’s Victory
No corner of the banking industry has gotten a bigger near-term boost from Donald Trump's election than private student lenders. And that's saying something.
Consumer ABS
TCF’s Fifth Prime Auto ABS of 2016 Is Its Largest to Date
TCF National Bank's latest prime auto loan receivables securitization is its largest to date, at $505.1 mililio
Deep Subprime Auto Lender Debuts in Securitization Market
The credit cycle is getting pretty long in the tooth, but CVC Credit Partners, a private equity firm based in Chicago, is hoping that theres still plenty of appetite for subprime auto loans.
Lending Club Aims Low in First Rated Securitization
Nearly seven months after the exit of former CEO Raymond LaPlanche, the first rated securitization of Lending Club loans has come to market.
Critics Predict More Woes for Subprime Business Lenders
The recent shake-up at CAN Capital could spark greater scrutiny of a sector that has drawn comparisons to the bubble-era subprime mortgage market.
OneMain Preps 1st Consumer Loan ABS Since Springleaf Merger
Subprime lender OneMain Holdings is coming to the securitization market for the first time since its predecessor, Springleaf Finance, acquired the OneMain business from Citigroup in November 2015.
The Rising Cost of Student Loan Forgiveness
A new report by the GAO puts the tab for the Obama Administrations main strategy for helping student loan borrowers over the next few years at $108 billion.
HERO Platform Expands Reach in New PACE ABS
Renovate America continues to stretch its regional footprint through its fourth securitization this year of Property Assessed Clean Energy (PACE) bonds supporting green-energy home improvements.
Mnuchin Pick for Treasury May Signal Moderate Approach to Reform
Much like President-elect Donald Trump himself, expected Treasury Secretary-designate Steven Mnuchin represents something of a question mark for the financial services industry when it comes to his agenda
Santander UK Markets ABS of £647.5M in Auto Loans
Santander Consumers UK operation is securitizing its first batch of originated British auto loans in over 18 months.
Mobile Device Securitization Driving Wider FICO Scoring Use
FICO says it is experiencing wider use of its credit-scoring models for the securitization of equipment installment plan receivables by wireless carriers.
Why are Consumer Credit Rejections on the Rise?
Rejections rates for consumer loans credit cards, auto loans and mortgages are on the rise, according to a key economic survey.
Two Firsts? Subprime Credit Card ABS from Rent-a-Bank Lender
Continental Finance Co., a consumer-finance company headquartered in Wilmington, Delaware, is marketing $65 million of bonds backed entirely by subprime credit card receivables, according to Morningstar Credit Ratings.
Moody’s Concludes Review of $1.74B of GCO Education Loan FFELP
Moody's Investors Service concluded its review of two federally guaranteed student loan securitizations originally sponsored by GCO Education Loan Funding Corp..
CFPB Appeals ‘Dramatic and Unprecedented’ Constitutional Ruling
The Consumer Financial Protection Bureau has formally appealed an October court ruling that undercut the agency's independent status, arguing that the decision laid out a theory of separation of powers without precedent in case law or the Constitution.
Huntington Files for $1.5B Prime Auto ABS
Huntington Bancshares followed through Thursday on its previously announced plans to launch a regional $1.5 billion prime auto securitization of indirect loans underwritten and serviced for partnering dealerships.
Laplanche Seeks Second Act in Online Lending
Lending Club founder and online-lending pioneer Renaud Laplanche is seeking a second act in a new company.
MotoNovo Returns With £405M UK Auto Lease ABS
The leading used-car lender in the UK is piloting its latest revolving securitization secured by £405 million in consumer and commercial vehicle leases.
What Nudge? Despite CARD Act, Consumer Debt Habits Barely Budge
New research finds that many credit card users continue to pay only the minimum required each month, in spite of government-mandated disclosures designed to encourage them to get out of debt sooner.
Warning Signs in Structured Finance Growing Stronger
Warning signs are growing in structured finance for 2017.
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