Consumer ABS

California Republic Bancorp.’s first auto loan securitization of the year pools loans of slightly better credit quality, according to Standard & Poor’s which is rating the deal.

Auto lenders continue to defy warnings about growing risks in the market.

Prosper Marketplace has tapped a USAA executive to be its next chief financial officer.

The Securities and Exchange Commissioner took to the podium in the convention center of the Aria Resort & Casino to express to attendees his admiration for the economic benefits of securitization – and his disagreement with the risk-retention regulatory regime that has enveloped it.

Panelists and attendees at the ABS Vegas 2016 conference conveyed varying levels of doubt about at the prospects for securities backed by consumer and small-business loans originated through online lending platforms like Lending Club, Prosper and Funding Circle.

NewOak named Jonna Boyle as a director in Credit Services LLC, a consultancy that specializes in providing credit and regulatory compliance for commercial and consumer loan products.

Lending Club announced Friday that it is making changes to its contractual relationship with the bank that issues its loans. The move is designed to protect San Francisco-based Lending Club against legal challenges to its business model.

Navient is marketing $1.1 billion of bonds backed by federally guaranteed student loans, according to Moody’s Investors Service.

Capital One Financial in McLean, Va., has added Amazon's former chief information security officer to its board of directors.