Consumer ABS

Ally Bank is going to issue a $1 billion auto transaction under its Ally Auto Receivables Trust 2012-2. For the Securities and Exchange Commission filing related to the deal, please click here.

Credit card charge-offs are expected to remain low in 2012 for as long as bankcard trusts maintain their current credit characteristics, Standard & Poor's said in an emailed note this morning.

Volkswagen AG has priced its €930 million ($1.23 billion) German auto loan securitization called VCL 15.

Banks are applying a well-honed strategy to mitigate regulators' recent proposal to determine capital requirements for assets that include securitizations.

With the Dodd-Frank Act giving the Consumer Financial Protection Bureau (CFPB) regulatory oversight over private student loans, issuers in the asset class must now work closely with the agency as it formulates rules to govern the sector.

SLM Corp., more popularly known as Sallie Mae, is going to issue a transaction under its SLM Student Loan Trust 2012-2.

Barclaycard on Tuesday became the latest credit card lender to benefit from Bank of America Corp.'s crash diet, by scooping up a $1.3 billion SLM Corp. or Sallie Mae card portfolio.

Huntington National Bank is planning to sell an auto transaction worth $1 billlion. For the Securities and Exchange Commission filing related to the offering, please click link.

U.S. consumers are still in the process of de-leveraging, mainly by reducing their residential mortgage debt, Standard and Poor's analysts cited fourth quarter 2011 New York Federal Reserve data.