Consumer ABS

The Senate nomination hearing for Richard Cordray, who's tabbed to become the first director of the Consumer Financial Protection Bureau (CFPB), has been postponed until Sept. 6.

The ABS market is seeing autos dominate the market again with two deals from GE and Hyundai Capital America (HCA).

A scholarship fund in Bingham McCutchen partner Edward Gainor’s memory has been established by the law firm at his alma mater The George Washington University (GWU) Law School. Gainor died July 22 of a heart attack.

CarMax Business Services via its CarMax Auto Funding yesterday filed an amendment to an S-3 filing it submitted with the Securities and Exchange Commission (SEC).

A Brazilian regulation that goes into effect today ratchets up the default probability of mezzanine tranches in domestic ABS, said Moody’s Investors Service in a release.

New Hampshire Higher Education Loan Corp. is in the market with a taxable SLABS deal Series 2011-1 worth $522.635 million. The joint lead managers on the 144A transaction are RBC Capital Markets and UBS.

When Democrats used their majorities in the House and Senate last year to pass a financial overhaul largely along partisan lines, top Republicans were clear about what should happen next.

At the recent American Securitization Forum (ASF) Sunset Seminar, panelists looked back at the first year of Dodd-Frank, saying regulators are still missing the bigger picture.

Europe's reenactment of last summer's sovereign debt crisis heated up as talks of a Greek debt default intensified once again this July.

Greek bailout talks intensified once again this July, a repeat in many ways of last summer's discussions. But structured finance issuance is taking it much harder this year, as Nora Colomer examines in the cover story. In July two actively marketed European securitizations were abruptly pulled when the market got too volatile. Other issuers went the retained route rather than face the risks associated with bringing new-issue deals to market.