Consumer ABS

JP Morgan Chase plans to launch a $650 million credit card ABS transaction this week.

Ally Bank’s upsized $1 billion dealer floorplan ABS priced on Tuesday wide of levels seen in the recent Ford Credit Floorplan Master Owner Trust deal.

Fitch Ratings warns that competition among subprime auto lenders could result in a loosening of underwriting standards, leading to weaker collateral in 2013 deals than in prior years.

Comenity Bank formerly World Financial Network Bank, plans to issue a $480 million securitization from its credit card master note trust.

With competition for auto lending heating up, Chrysler Group wants to cut in half the time it takes to approve financing for the purchase of a vehicle, according to Peter Grady, vice president of dealer network development and fleet financing operations.

Moody's Investors Service chief executive told investors Friday he is unaware of plans by federal and state officials to sue the company for allegedly misleading investors in the run-up to the housing crisis.

Senator Richard Durbin (D-IL) reintroduced legislation in Congress to allow privately-issued student loans to be discharged in bankruptcy.

Ally Bank plans to issue $500 million series 2013-1 class A notes from its dealer floorplan ABS structure, Ally Master Owner Trust.

CNH Capital America plans to issue an $850 million equipment lease ABS transaction backed by fixed rate retail installment sale contracts and retail installment loans secured by agricultural or construction equipment.

Morgan Stanley announced a reshuffling of roles for managing directors in the banks securitized products group. The changes will help the bank develop its new issue securitization franchise.