Consumer ABS

A range of voices in the structured finance industry spoke against a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act at a panel convened by the Securities and Exchange Commission.

Nissan Motor Acceptance Corporation plans to issue an $800 million auto lease backed securitization deal called Nissan Auto Lease Trust 2013-A.

The American Securitization Forum and the Structured Finance Industry Group will both speak against the Franken Amendment at the U.S. Securities and Exchange Commission ratings agency roundtable event in Washington D.C.

Comenity Bank, formerly World Financial Network Bank, plans to issue a $526.3 million securitization from its credit card master note trust.

United Auto Credit Corporation (UACC) is getting ready to roll out a roughly $150-million securitization of subprime auto loans.

Ford Motor is prepping its second auto securitization of the year, a $1.342 billion deal backed by prime loans.

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.

Capital One priced its $700 million Capital One Multi-Asset Execution Trust (COMET) 2013-2 credit card ABS deal to strong investor demand.

Issuance of prime auto ABS is falling short of the pace set in 2012, and Wells Fargo says this may be partly explained by the fact that more consumers are opting to lease, rather than buy, new vehicles.

Hyundai Capital America plans to issue $512 million of asset backed securities from its floorplan master trust structure, according to Moody’s Investors Service.