Consumer ABS

Signs of growing weakness in the U.S. auto loan market are hurting the bottom line at one of the nation’s largest car lenders.

Capital One is securitizing $1.15 billion in consumer and small-business credit-card receivables, in its first asset-backed card series notes transaction since August.

In a Q&A, CommonBond CEO David Klein discusses how an OCC charter might benefit customers by lowering the cost to run a student loan refinancing

The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau.

Five prime lenders have launched $5.5 billion in new loan- and lease-backed securitizations, including the second transaction of the year for Ally Financial.

SoFi Lending Corp. is marketing its second student loan securitization of the year.

Social Finance Inc.’s online borrowers are defaulting at higher rates than underwriters for one of its bond deals had expected, the latest sign that an industry that hoped to upend banking is now getting tripped up by bad loans.

Multilease AG, the finance arm of a Swiss auto importer, is making its first strip to the European securitization market.

Navient Student Loan Trust 2017-2 is backed by federally guaranteed student loans that were once delinquent but are now making timely payments, according to DBRS.

BMW Financial Services’ new $1.17 billion auto lease securitization is being launched with one of the highest FICO scores – and lowest hard credit enhancement levels – of almost any recent asset-backed transaction involving luxury auto lease receivables. Including its own recent deals.