Consumer ABS

Barclays Capital announced in an internal memo that Diane Rinnovatore will become co-head of securitized products origination (SPO) along with with Cory Wishengrad, who is currently co-head of SPO and head of the esoteric ABS origination group at the bank. He has been running the Barclays esoteric ABS business since late 2008.

The Financial Industry Regulatory Authority (FINRA) fined Jefferies & Co. $1.5 million for failing to disclose that it was earning additional compensation when selling new-issue auction-rate securities to clients.

Moody's Investors Service said today in its U.S. ABS conference that the economic overview looks great with a forecast for strong growth in 2011.

The investment banking firm Sandler O’Neill & Partners added a team of five sales professionals to its Chicago-based, fixed-income group.

Ford Motor Credit Co. (FMCC) is in the market with a transaction called Ford Upgrade Exchange Linked Notes Series 2011-1 (FUEL notes).

Barclays Bank 's Gracechurch Card Program Funding will issue its sixth deal under its medium-term note program.

State attorneys general and Consumer Financial Protection Bureau (CFPB) officials on Monday agreed to cooperate on enforcement actions and work together to prevent evasions of consumer protection laws.

Nissan Motor Acceptance Corp. (NMAC) is issuing a $1.04 billion transaction under its Nissan Auto Receivables Owner Trust (NAROT).

Investors have proven slow to return to the European securitization market. The limited appetite has been matched by a lackluster amount of securitization supply that market analysts said has created an imbalance in secondary and primary securitization pricing.

Although lawmakers were ostensibly supposed to debate ways to overhaul the structure and authority of the Consumer Financial Protection Bureau (CFPB), a hearing Wednesday in a House Financial Services subcommittee was sidetracked by questions over whether the agency should exist at all.