Consumer ABS

Ally Financial filed an S-3 with the Securities and Exchange Commission (SEC) to issue under its Capital Auto Receivables trust.

Standard & Poor's updated its methodology and assumptions for rating and monitoring U.S. auto ABS.

The universe of bonds backed by credit card loans shrank by about a fifth last year as an era of off-balance-sheet accounting ended and the industry re-engineered its funding base.

Markit has acquired QuIC Financial Technologies,a risk analytics solutions provider.

SLM Corp. or Sallie Mae,the largest student-loan company in the country, today began selling $1 billion in senior notes due 2016, according to sources.

Bingham McCutchen has elected 13 lawyers to its partnership. The promotions follow a year when the law firm expanded its key practices in the global markets, including launching its Frankfurt-based financial restructuring practice. It also grew its Hong Kong office.

Fortress Investment Group's managing director and securitized products portfolio manager Greg Finck will move to the firm's traditional asset management arm.

Ally Bank has filed a prospectus supplement with the Securities and Exchange Commission to issue $500,000 million worth of notes under its Ally Master Owner Trust Series 2011-1.

SLM Corp., more commonly known as Sallie Mae, has appointed John (Jack) Remondi as president and chief operating officer.

Discover Financial Services said it acquired the Student Loan Corp. (SLC). The acquisition included SLC's ongoing private student loan business as well as private student loans and other assets totalling $4.2 billion.