Consumer ABS

Goldman Sachs will take "a very deliberate and methodical approach" to building its online lending platform,

Student loan borrowers face breakdowns and delays in applying for repayment plans that feature loan forgiveness or interest subsidies, the Consumer Financial Protection Bureau said in a report released Monday

Traditional banks and marketplace lenders may soon find themselves united in competition against a common threat: Goldman Sachs.

Eight prime and subprime auto loan and lease securitizations have arrived in the asset-backed market this week, tallying up approximately $6.72 billion in new deals.

Subprime borrowers are falling behind on their car loan payments at the highest rate in more than six years, and some bonds backed by these loans are vulnerable to getting downgraded, according to S&P Global Ratings

What the CFPB Constitutionality Ruling Means for banks and other lenders.

Navient Corp. is planning its second student-loan securitization in excess of $1 billion this year. The transaction also marks a return to a pool of primarily performing loans through the Federal Family Education Loan Program (FFELP), after two prior transactions consisting entirely of rehab loans that have rebounded from default status.

Three separate offerings of private loans consolidating the debt of medical students and other recent graduates hit the market last week

Increased loss expectations have weakened credit metrics in Westlake Services’ new $500M securitization of subprime vehicle loan receivables. The heightened risk is offset, though, by a continued expansion of its franchise network that is putting borrowers into more reliable, and more expensive, vehicles.

The latest asset-backed transaction, Opportun Funding IV, LLC, Series 2016-C is a $125 million offering of two classes of notes, backed by $147 million in personal consumer loans in Hispanic communities in the U.S.