Consumer ABS

The prodigious growth of marketplace lending has been fueled by the seemingly insatiable appetite of hedge funds and other yield-hungry investors. But in recent months, much of that institutional money has fled the market just as quickly as it arrived.

Morningstar has issued preliminary ratings on a small pool of $59.7 million in prime- and subprime-rated motorcycle loans through ThunderRoad Motorcycle Trust 2016-1.

Federal appeals court judges hearing a case challenging the constitutionality of the Consumer Financial Protection Bureau appeared highly receptive to arguments that the agency's single-director structure violates the Constitution.

The U.S. Court of Appeals for the D.C. Circuit will hear oral arguments Tuesday about the Consumer Financial Protection Bureau's structure, in a case that has national implications. Even though a ruling isn't expected until the end of the year, legal experts say there are four major legal issues involved.

The CommonBond Student Loan Trust 2016-A is a $153.2 million, three-tranche notes offering comprised almost entirely of loan refinancings through CommonBond or its partner institution, The Bank of Lake Mills in Watertown , Wis.

Discover Card Master Trust (DCMT) 1 is issuing a pool of $500 Million DiscoverSeries Class A notes (2016-2) and a $250 million Class A notes (2016-3), according to a filing Friday with the Securities and Exchange Commission.

Charlie Hallinan, who pioneered the tactics payday lenders have used for years to stymie state regulators, was indicted Thursday on federal conspiracy and fraud charges.

Consumer Portfolio Services, American Credit Acceptance, Santander Consumer, and CarMax launched four securitizations of subprime loans (CPS and ACA), prime loans (CarMax), and in the case of Santander’s Chrysler Capital, something in between.

Bank of Montreal is tapping the U.S. securitization market with a credit card deal for the first time this year, according to Moody’s Investors Service.

As more employers offer student loan repayment assistance to their workers, lenders that specialize in refinancing debt — like Citizens Financial and SoFi — see an opportunity to reel in more customers