Consumer ABS

Elizabeth Warren will step down Aug. 1 from her post as special advisor to the Treasury secretary at the Consumer Financial Protection Bureau (CFPB) and Raj Date, a high-ranking official at the new bureau, will replace her.

The Financial Industry Regulatory Authority (FINRA) has fined SunTrust Robinson Humphrey and SunTrust Investment Services a total of $5 million for failing to disclose the risks of auction-rate securities when underwriting and selling them.

The Financial Industry Regulatory Authority (FINRA) has issued an Investor Alert warning investors not to choose risky yet high-reward asset classes over more traditional investments.

At the American Securitization Forum’s (ASF) Sunset Seminar last week, panelists agreed on the potential problems that the proposed regulatory requirement on loan level data disclosure will bring.

As Washington's banking-policy community was focused on the first anniversary of the Dodd-Frank Act, one important player in the law's passage was noticeably absent.

Consumer ABS is well-positioned to maintain ratings stability in the wake of a potential double-dip recession, according to a new Fitch Ratings report.

Toyota Motor Credit Corp. will be issuing five classes of notes backed by Toyota or Lexus passenger car, minivan, light-duty truck or sport utility vehicle leases and related assets.

Deer Park Road Corp., a distressed mortgage and ABS fixed-income securities manager, has strengthened its portfolio management team as the firm’s assets continue to grow, it announced in a July 20 statement.

The Obama administration late Wednesday said it would veto House legislation aimed at restructuring the brand new Consumer Financial Protection Bureau (CFPB).

A closely watched appeals court case that could determine whether investors may sue firms over allegedly faulty disclosure for auction-rate securities has pitted the Securities and Exchange Commission (SEC) against a broker-dealer group.