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World Omni Financial Corp. and Prestige Financial Services added a combined $1.17 billion of securities backed by auto loans to the new issue pipeline this week.
March 11 -
The Consumer Financial Protection Bureau is clamping down on student loan lenders and servicers that automatically default on loans when a co-signer declared bankruptcy or dies.
March 11 -
Synchrony Financial has mapped out a public offering of $547.9 million in notes backed by credit card receivables, in the latest of 23 series it has outstanding through the Synchrony Credit Card Master Trust.
March 11 -
One month after closing its debut consumer-loan securitization of 2016, OneMain Financial is returning with a second offering of $444.5 million in non-prime and subprime personal loans originated through its branch network.
March 11 -
Ford Motor Credit Co. is out with its first auto lease securitization of 2016, according to Fitch Ratings. The pool is backed 48,082 leases totaling $1.12 billion, a level consistent with Fords two previous deals completed in 2015.
March 10 -
Car loans in the U.S. are soaring, but don't expect a crash any time soon.
March 10 -
LendKey, which manages online lending programs for banks and credit unions, has named Salil Mehta to senior vice president of credit risk and analytics.
March 9 -
Mercedes-Benz is offering its first auto lease-backed securities of the year, according to Standard & Poors.
March 8 -
The Consumer Financial Protection Bureau's announcement Monday that it is accepting complaints about marketplace lenders is a sure sign it is moving toward regulating the burgeoning industry.
March 8
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Conns Appliances is returning to the securitization market for the first time shedding $1.4 billion of delinquent and defaulted loans in September 2015 via an unrated transaction.
March 7
