Consumer ABS

Consumer Portfolio Services' latest subprime auto loan securitization has the largest ever concentration of longer-term loans.

While Volkswagen continues its international efforts to remedy its 2015 diesel-engine emissions scandal, the German automaker also carries on with its ramped-up efforts since last fall to raise more capital through securitizations. The latest transaction is a €750 million (US$837.5 million) static pool of German vehicle lease receivables from both retail and commercial contracts.

Consumer delinquencies fell last quarter to their lowest point in at least 15 years, according to quarterly data released Thursday by the American Bankers Association.

The Bank of Nova Scotia is launching its debut in the U.S. securitization market with bonds backed by auto loans denominated in Canadian dollars

SoFi Lending is marketing another $427 million of bonds backed by unsecured consumer loans, according to rating agency reports.

Prosper Marketplace is closing the secondary market for its loans, citing a lack of demand among investors.

Capital One Financial plans to start issuing credit cards for the outdoor equipment chain Cabela's under a deal connected with the retailer's expected sale to Bass Pro Shops.

Nelnet is marketing its first securitization of federally guaranteed student loans of the year, according to rating agency reports.

The private student loan market is dominated by large players, but some community banks are turning to a third-party tech company to help them get in the game.

Securitized subprime auto loan losses surged 27% on an annualized basis August, putting the sector on a path to approach post-crisis record loss levels by year’s end.