Consumer ABS

SoFi Consumer Loan Program 2017-1 is secured by a pool of $550 million in loans, and has a capital structure consisting of a $426.4 million series of Class A notes and $50.7 million in Class B notes. The A notes' 'A' rating by Kroll is a notch below the 'A+' earned in its last transaction in November.

Citibank plans to issue $500 million of two-year notes backed by credit card receivables, according to regulatory filings.

The $1.57 billion Ford Credit Auto Owner Trust 2017-A is lauded by Moody’s Investors Service for its high weighted average FICOs (736) and as a strong follow-up to its last transaction (FCAOT 2016-C) that also featured “slightly stronger” pool characteristics.

Discover Bank plans to issue $800 million of five-year notes backed by credit card receivables, according to regulatory filings.

Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray

CPS Auto Receivables Trust 2017-A is a $206.32 million asset-backed offering, the 24th overall for the indirect lender to troubled-credit borrowers whose FICO scores average 567.

The face of U.S. student loan debt is usually an underemployed twentysomething. But increasingly, the burden of paying for higher education is falling on older Americans.

Hyundai Capital America is the first captive finance arm of a major automaker to enter the 2017 securitization market with an $810.4 million bond offering backed by new-vehicle lease contracts.