Auto Lenders Pushing Loans to Greater Lengths
AmeriCredit Financial Services, a unit of General Motors, is joining the ranks of lenders offering long-term auto loans to consumers with shaky credit.
Consumer ABS
Volkswagen Preps New Spanish Auto Securitization
A new Spanish auto loan securitization is coming down the pike.
LoanHero Announces $2.5M Seed Funding Round
LoanHero, an online lender specializing in consumer loans at the cash register, announced that it has raised $2.5 million in seed funding.
Discover, RBC Kicking Off Credit Card ABS for 2016
Discover Bank and Royal Bank of Canada are marketing the first two offerings of the year of notes backed by credit card receivables.
Are the CFPB and FTC Partners or Rivals?
Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.
Ally Announces $1B Prime Auto Loan ABS
Ally Bank is marketing $1 billion of prime auto loan securities in its first securitization of 2016.
Santander Plans $752M Subprime Auto Securitization
Santander Consumer USA is marketing $752.2 million of securities backed by subprime auto loans via Drive Auto Receivables Trust 2016-A
United Auto Credit, CPS Add $501M to Subprime Auto Pipeline
United Auto Credit and Consumer Portfolio Services are planning to issue a combined total of $501 million in bond backed by subprime auto loans.
Ford Ups Longer Term Loans in Auto ABS
Ford Motor Credit Companys latest securitization pools the highest amount of longer term loans than any of the previous deals issued by the sponsor, according to Fitch Ratings.
Deutsche Bank Said to Probe Sales of Subprime Auto Securities
Deutsche Bank AG officials are reviewing whether some employees exaggerated demand as they marketed new securities backed by risky auto loans, potentially suppressing yields for investors, according to a person with knowledge of the matter.
Westlake Ups Risky Loans in Next Subprime Auto ABS
Westlake Services is pooling a larger percentage of its lower credit borrowers in the sponsor's first bond offering of the year.
New Risk in AmeriCredit’s Latest Auto Deal: 73-75 Month Loans
AmeriCredit Financial Services has started securitizing what may be some of its riskiest subprime loans those with terms as long as 6.25 years.
DriveTime Plans $340M Subprime Auto Loan ABS
DriveTime Automotive Group plans to issue $340 million of bonds backed by subprime auto loan securities, according to Kroll Bond Rating Agency.
VW Preps 1st China Auto ABS Since Deiselgate
Volkswagen is turning to its Chinese assets for its first auto loan, asset backed securities deal of the year.
CommonBond Secures $275M in Funding from Barclays, Others
CommonBond, a New York firm that makes student loans through an online platform, said Tuesday that it has raised more than $275 million in debt funding from Barclays and others.
BofA Removes $2.6B Receivables from Credit Card Trust
Bank of America has removed approximately $2.67 billion of receivables from its credit card trust over the past two months.
Rise of Leverage in Online Lending Rekindles Old Fears
Once billed as a safer alternative to traditional finance, the new crop of tech-powered lenders is starting to resemble previous generations of finance companies whose fortunes rose and fell with each economic cycle.
RCI Banque Issues More Senior French Auto Bonds
DBRS assigned AAA ratings to 137.5 million ($150.3 million) of notes issued from RCI Banques Cars Alliance Auto Loans France Master.
Top 10 of 2015
From refinancing the wall of maturing CMBS to getting CLO manager skin the game, these articles held your interest the longest.
S&P’s Downgrade of VW Has No Impact on Auto ABS
Standard & Poor's downgrade of Volkswagen will have no immediate impact on its three U.S. auto loan and one auto lease asset-backed securities transactions it rates originated by VW Credit.
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