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Global Lending Services is prepping a $200 million offering of bonds backed by subprime auto loans.
May 5 -
The Treasury Department will release a white paper next week outlining research and recommendations related to marketplace lending as a capstone to its nearly yearlong inquiry into the fast-growing industry
May 5 - Europe
VCL Master Netherlands B.V. is a Euro-denominated ABS that will issue two series of notes backed by 260.05 million in outstanding principal of from more than 14,000 vehicle lease contracts, as well as 108.97 million in receivables residual values.
May 5
- Europe
Moodys Investors Service has assigned a provisional Aaa rating to the class of 556.5 million Class A floating rate notes. None have been assigned to the 43.5 million Class B stack.
May 4 -
Prosper Marketplace Inc., one of the largest U.S. online lending platforms, is slashing its workforce 28%, joining rivals in signaling investors arent as eager to fund loans after years of rapid growth.
May 4 -
Credit Acceptance Corp. received a subpoena from the Maryland attorney general regarding its repossession and sales policies, the subprime lender disclosed Monday.
May 4 -
New Jersey is the latest private student lender to test the securitization market.
May 3 -
Credit Acceptance Corp. is marketing $330 million of notes backed by subprime auto loans.
May 3 -
OnDeck Capital reported a quarterly loss of $12.6 million as revenues fell short of expectations. At the same time, the New York firm sharply reduced its earnings projection for the rest of the year
May 2 -
Online lender Earnest is marketing its second ever offering of bonds backed by loans used to refinance student debt.
May 2
