Consumer ABS

Banking industry lobbyists and representatives are practically salivating over the election results, convinced that Republican control of the White House and Congress will finally give them the opportunity to roll back key parts of the Dodd-Frank Act.

Santander Consumer USA is smoothing out risk factors in its latest deep-subprime vehicle loan securitization. Drive Auto Receivables Trust 2016-C is a $1 billion offering of deep-subprime new and used retail auto and light-truck loans originated by Santander.

Verizon’s second handset securitization transaction is initially sized at $1.4 billion, according to a Fitch Ratings

UpLift is the latest Silicon Valley startup seeking to peel off a slice of the $1 trillion credit card market.

Italian lender Agos Ducato S.p.A. is pooling the receivables from personal, auto, furniture and other-purpose loans totaling €1.34 billion.

Donald Trump’s victory drew inevitable comparisons to Britain’s vote to exit the European Union in June, but so far the election results have failed to produce the kind of volatility seen in June – much less the extreme moves in financial markets experienced in January

Verizon is making its second trip to the securitization market to help offset the expense of providing customers with financing for mobile phones.

Lending Club reported a smaller loss in the third quarter as the San Francisco-based marketplace lender sought to move beyond a scandal that interrupted its rapid growth.

OnDeck Capital reported its fourth consecutive quarterly loss on Thursday as investors bought fewer loans and the firm was forced to make costly adjustments to its business.