Consumer ABS

The Consumer Financial Protection Bureau is pushing for private student lenders and the government to help lower payments for borrowers after receiving thousands of complaints from consumers.

Issuance of securitizations of prime auto loans is falling short of the pace in 2012, a trend that analysts from Wells Fargo ascribe partly to a shift in consumer behavior from buying to leasing.

Sallie Mae said today during a conference call that plans to divide the company into two distinct businesses signals the next chapter for the student loan originator in a post- Federal Family Education Loan Program (FFLEP) environment.

The South Texas Higher Education Authority has lined up a $104.3 million Federal Family Education Loan Program (FFELP) –backed student loan securitization deal.

Subprime auto lender, JD Byrider plans to return to the securitization market with its $121.4 million CarNow Auto Receivables Trust 2013-1 The lender brought its inaugural issue to market last year.

Ally Bank plans to issue a $986 million auto lease ABS called Ally Auto Receivables Trust (AART) 2013-SN1.

Credipar, a subsidiary of Banque PSA Finance, plans to issue the first investor-placed French auto ABS of the year, the €470 million AUTO ABS FCT Compartiment 2013-2.

Citibank plans to issue a follow up to its early May issue according to a deal prospectus filed with US Securities and Exchange Commission yesterday.

The new issue auto ABS pipeline this week includes a new deal from Toyoto Motor Credit Corporation.

World Omni Financial Corp. plans to issue a $903.8 million from its World Omni Auto Receivables Trust program.