Market conditions suggest that the SFR has positive forward momentum, with a healthy stream of deals in the securitization pipeline through the end of 2021.

Income share agreements, which allow college graduates to repay tuition financing as a percentage of their future income, have come under fire lately from consumer advocates for questionable marketing and other potential legal violations. Some hope a partnership between a Virginia bank and an ISA provider will give the product more legitimacy, while others worry it just masks risks for borrowers.

KBRA highlights regulatory issues surrounding the deal and sector.

KBRA says credit quality is assessed via the firm's internal assessments.

Both the prime and non-prime auto loan ABS sectors are seeing activity.

Asset-backed trusts continue to benefit from how consumers allotted their stimulus and relief payments. Consumer and marketplace loans were part of that.

The Spanish bank’s U.S. holding company said it will pay a premium to purchase the publicly traded shares in Santander Consumer Holdings. The proposal is subject to the approval of the auto lender’s board of directors.

The number of grievances about evictions and federal student loans declined between January 2020 and May 2021. Nonetheless, the Consumer Financial Protection Bureau warned financial firms that poor customer service can undermine government efforts to provide aid.

The self-employed professionals posted slightly weaker credit fundamentals, as they were more severely affected by the pandemic due to business closures.

Even though the channel helped the bank do over $2 billion in business last year, going forward it will produce loans through the traditional retail business.

Issuers of leveraged loans appear ready to use SOFR, the popular alternative to LIBOR, putting leveraged loans a step ahead of the market.

A congressional resolution that invalidates the regulation issued last fall by the Office of the Comptroller of the Currency would help regulators crack down on so-called rent-a-bank schemes that promote predatory lending, the president said before signing the measure.