Consumer ABS

Verizon’s second handset securitization transaction is initially sized at $1.4 billion, according to a Fitch Ratings

UpLift is the latest Silicon Valley startup seeking to peel off a slice of the $1 trillion credit card market.

Italian lender Agos Ducato S.p.A. is pooling the receivables from personal, auto, furniture and other-purpose loans totaling €1.34 billion.

Donald Trump’s victory drew inevitable comparisons to Britain’s vote to exit the European Union in June, but so far the election results have failed to produce the kind of volatility seen in June – much less the extreme moves in financial markets experienced in January

Verizon is making its second trip to the securitization market to help offset the expense of providing customers with financing for mobile phones.

Lending Club reported a smaller loss in the third quarter as the San Francisco-based marketplace lender sought to move beyond a scandal that interrupted its rapid growth.

OnDeck Capital reported its fourth consecutive quarterly loss on Thursday as investors bought fewer loans and the firm was forced to make costly adjustments to its business.

E-CARAT 7 PLC is the latest British auto loan securitization of new and used Vauxhall Motors-branded vehicle loans originated by GMAC’s UK affiliate. The UK trust will issue GBP £416.7 million (US$468.18 million) in three classes of senior and subordinate notes secured by the loans.

The number of new credit card accounts jumped 11% to 84.9 million in the second quarter while monthly purchase volumes also increased, according to a report by the American Bankers Association.

Subprime indirect auto lender American Credit Acceptance caters to customers with flawed FICOs that average 543, and continues to extend the vast majority of new and used auto loans beyond five years. But nonetheless, the trust joins the ranks of other issuers with ‘AAA’-rated senior notes in its latest securitization of new and used auto and motorcycle loans thouogh a a $211.25 million notes transaction.