Consumer ABS

Richard Cordray, the enforcement chief at the Consumer Financial Protection Bureau (CFPB), will be named to lead the new regulator, the Obama administration said Sunday.

A recent report by Moody’s Analytics found that the decline of consumer credit balances has slowed. This might potentially serve as signs of credit recovery and the end of deleveraging. However, any continued improvement is predicated on the strength of the macroeconomic recovery.

After the tense moments of her last congressional hearing, Elizabeth Warren surprised critics at her second appearance before the House Committee on Oversight and Government Reform with a carrot of sorts.

It's 5,159 miles from Athens to McLean, Va., but for Capital One, the Greek capital — and its debt crisis — is much much closer to home.

As potential buyers kick the tires of a few big credit card portfolios on the block, the issuers' private-label card operations for the first time in years could be an advantage, instead of a drag, thanks to changes in the economy and in industry regulations.

The Joint Forum urged banks to provide more transparency to investors in the securitization industry while also decreasing the complexity of the products offered.

Over 80% of 'Aaa'-rated European RMBS and ABS have maintained their ratings throughout the crisis, spanning from May 2007 to May 2011, according to a new report by Moody’s Investors Service.

Mercedes-Benz Financial Services (MBFS) is marketing an auto loan issuance of $1.25 billion. MBFS is a subsidiary of Daimler AG.

A report by Barclays Capital said that the post-crisis performance improvements of retail auto collateral are real, and are not a result of new unseasoned issuance with low delinquencies and losses being included in calculations.

While some bankers are secretly gleeful the Consumer Financial Protection Bureau (CFPB) does not yet have a director, they are the ones likely to pay a heavy price as a result.