Consumer ABS

The Bank of England’s program of easy money for banks and building societies may not hit ABS and MBS issuance as much as first thought.

Kelly Thompson Cochran will now serve as the acting assistant director for regulations at the Consumer Financial Protection Bureau.

Hertz Chairman Mark Frissora said that, over time, Hertz would assume Dollar Thrifty’s financing of its fleet of rental cars that are currently financed via securitization.

Barclays Capital said that from 2010, U.K. and Canadian credit card lenders have issued roughly $11.5 billion of ABS notes backed by non-U.S. dollar-denominated receivables.

Regulators, the agencies and the Fed can help ensure that the student loan market is liquid and that there is risk pricing, said Consumer Financial Protection Bureau student-loan Ombudsman Rohit Chopra.

Borrowers are paying down their debts across a number of credit categories — with the big exception being student loans, according to new data published by Equifax.

Barclays' new trust, since it was just formed, must comply with the FDIC’s new regulations to qualify for Safe Harbor, Citigroup Global Markets analysts explained in a report released today.

The portfolio comprises primarily of motor vehicle retail installment sale contracts and/or installment loans secured by new and used automobiles and light-duty trucks.

Fitch subjected its ratings on prime auto loan ABS to two stress scenarios, which are moderate and severe.