Regulators Finalize Rule to Boost Collateral for Uncleared Swaps
Two banking regulators approved a final rule Thursday to raise collateral requirements for uncleared swaps.
Consumer ABS
Definition of ‘Competition’ at Issue as DOJ Reviews Citi’s OneMain Sale
Springleaf's proposed acquisition of Citi's OneMain Holdings is being delayed by the Justice Department, which appears focused on preserving competition at the local level even as a raft of new subprime installment lenders are popping up on the Web
NextGear Plans Second Floorplan ABS Offering
NextGear plans to issue $433 million of fixed and floating-rate notes backed primarily by auto dealer floorplan receivables, according to Moodys Investors Service.
Sallie Mae Tests Market for Private Student Loan ABS
Sallie Mae Bank is returning to the securitization market for the first time since Moodys Investors Service and Fitch Ratings put billions of dollars of FFELP loans under review for possible downgrades
VW Preps 1st German Auto Lease ABS Since “Dieselgate” Broke
Volkswagen is returning to the securitization market for the first time since news broke that the automaker had rigged diesel vehicles to cheat emissions tests.
Capital One Offering $500M Total of 3-Yr, 5-Yr Credit Card ABS
Capital One is marketing $500 million of notes backed by credit card receivables via its Capital One Multi-Asset Execution Trust, according to Fitch Ratings
Mercedes-Benz Taps Stronger Borrowers in Latest Lease ABS
Daimler AG's Mercedes-Benz Financial Services next securitization, pools loans with stronger credit quality than any of the other transactions the sponsor has issued since 2011, according to Fitch Ratings.
Santander’s Next Finnish Auto ABS Excludes VW Brand
Santander's latest Finnish auto lease securitization entirely excludes loans that finance vehicles manufactured by Volkswagen Group.
CarMax Readies 4th Auto Loan Deal of Year
CarMax is readying its fourth auto loan securitization of the year, according to rating agency reports.
Ford Motor Credit Preps $1B Auto Lease Securitization
Ford Motor Credit is prepping its second auto lease securitization of the year, according to Fitch Ratings.
BBVA Compass Resumes Auto Loan Securitization
BBVA Compass is returning to the U.S. securitization market after a 17 year absence with $500 million of bonds backed by prime auto loans.
Honda Launches 4th Prime Auto ABS of the Year
American Honda Finance Corp. is launching its fourth prime auto securitization this year.
Ally Financial Plans $700M “Near Prime” Auto ABS
Ally Financial plans to issue $700 million in bonds backed by near prime auto loans.
Massachusetts to Issue $75M of Student Loan Revenue Bonds
The Massachusetts Educational Financing Authority is planning to issue $75 million of private student loan revenue bonds.
Santander Marketing Another $794M of Subprime Auto ABS
Santander is marketing another $794.12 million subprime auto loan securitization via its SDART program.
Exeter Adds Another $300M to Subprime Auto ABS Pipeline
Exeter Finance's $300 million subprime auto loan securitization closed off a busy week for the asset class that also saw deals sponsored by Westlake, DriveTime and Santander marketing.
How “Dieselgate” Impacts Volkswagen’s ABS
How a scandal over emissions testing of diesel vehicles impacts Volkswagen’s asset backed securities.
Store-Branded Credit Cards Enjoy a Revival
The rest of the credit card industry continues to be dogged by slow loan growth, but retail-branded cards are bouncing back, thanks largely to a big push by merchants.
Student Loan ‘Fix’ Puts FFELP Bonds at Risk of Default
Income-based repayment, a federal government effort to relieve student-loan debt burdens, has roiled a normally tranquil securitization market, as investors can no longer be sure of when they’ll be repaid
Volkswagen Turns to Spanish Auto Loans for Next Driver ABS
Volkswagen Financial Services will tap its Spanish auto loan receivables on its upcoming Driver Trust securitization.
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