Consumer ABS

Moody’s Investors Service has assigned provisional ratings to Ford Credit Floorplan Master Owner Trust A, Series 2010-5.

A new Italian law that requires stricter controls on brokers as well as more transparency in loan origination will benefit Italian ABS backed by consumer loans, said analysts at Moody's Investors Service.

The American Securitization Forum (ASF) released a statement saying that the Federal Deposit Insurance Corp.'s (FDIC) action today will seriously harm the federal government’s ability to exit the U.S. housing market and to reestablish a private label mortgage market.

The Federal Deposit Insurance Corp. (FDIC) is set Monday to begin a Herculean task: creating a resolution procedure for large, systemically important firms that improves on the bankruptcy process but still resembles it enough that it does not unsettle the marketplace.

The Association for Financial Markets in Europe (AFME) appointed Simon Lewis as its chief executive. The new hire will assume his position on Oct. 1.

The Federal Deposit Insurance Corp. (FDIC) will be having a board meeting on Monday to discuss the final Safe Harbor rules.

Oklahoma Student Loan Authority 2010 (OSLA 2010) is in the market with a $232 million FFELP-backed student loan deal. The three-tranche SLABS is managed by Bank of America Merrill Lynch.

House Republicans blasted the proposed Basel III capital standards on Wednesday, arguing the plan would make the system more uncertain without making it substantially more safe.

On the heels of deals from Toyota Motor Credit Corp. and Chrysler Financial Corp., Consumer Portfolio Services is also coming to market with a $94.5 million auto ABS. The deal, which is managed by Citigroup Global Markets, is comprised of five tranches.

Moody’s Investors Service analysts said that they expect rehabilitated FFELP SLABs pools to experience a higher net loss rate versus pools of non-rehabilitated FFELP loans.