Consumer ABS

Ford Motor Credit Co. has filed a shelf registration for a new auto receivables securitization deal using the Ford Credit Auto Owner Trust.

EFS Volunteer is in the market with a $227.9 million transaction. The offering is backed by FFELP.

RBS Securities will add three new members to its global banking and market division, the firm announced today.

Janney Montgomery Scott will add five people to its fixed income team, including a former MBS trader from LPL Financial, the firm announced today.

Knights Capital Group has agreed to invest in Equiduct Systems, the pan-European equities trading platform.

The American Securitization Forum (ASF) focused on regulatory issues facing the ABS industry — ranging from FAS 166/167 to SEC Rule 17g-5 — at its annual meeting today in New York.

Ambac Financial Group said that it has commuted all of its remaining $16.4 billion of exposure to CDOs of ABS.

Oracle Capital, a hedge fund start-up founded by two former Lehman Brothers traders, has selected Quantifi XL for the pricing and analysis of their structured credit portfolio.

The New York State Assembly has proposed a bill that may limit issuers from including receivables issued in New York state in auto loan securitizations, DBRS said today.

Bank of America has agreed to pay the Federal Trade Commission (FTC) $108 million to cover foreclosure-related servicing abuses by Countrywide Home Loans (CHL), the mega lender/servicer that it purchased almost two years ago.