Consumer ABS

Provisions of the Dodd-Frank financial reform legislation that will be enforced by the new Consumer Financial Protection Bureau (CFPB) will change many mortgage servicer practices, according to a panel of compliance attorneys speaking on the closing day of the SourceMedia Mortgage Servicing Conference in Dallas.

U.S. credit card ABS chargeoffs reversed course in March, rising for the first time in six months, even as most other metrics posted further gains, according to Fitch Ratings.

While saying JPMorgan Chase & Co. had enough capital already to comply with new Basel III requirements, Jamie Dimon, the bank's chairman and chief executive, said regulators had gone too far in crafting the international capital accord.

Northern Rock priced its Gosforth Funding 2011-1 RMBS deal today, according to market reports.

Discover Financial Services of Riverwoods, Ill., on Monday announced the appointment of R. Mark Graf as its executive vice president, chief financial officer and chief accounting officer, succeeding Roy Guthrie, who is retiring.

Sallie Mae with its SLM Private Education Loan Trust 2011-A. The Moody's Investors Service-rated portion of the 144A SLABS is worth $562 million.

Moody's Investors Service has developed an application that allows investors to compare deal performance on private student loan ABS.

Auto sector is heating up once again with two deals from AmeriCredit Financial Services and American Honda Finance Corp.

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.

Formulating the rules to implement the Dodd-Frank Act has proven to be challenging. Regulators both missed and moved deadlines to accomplish this monumental task.