Consumer ABS

Discover Bank and Royal Bank of Canada are marketing the first two offerings of the year of notes backed by credit card receivables.

Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.

Ally Bank is marketing $1 billion of prime auto loan securities in its first securitization of 2016.

Santander Consumer USA is marketing $752.2 million of securities backed by subprime auto loans via Drive Auto Receivables Trust 2016-A

United Auto Credit and Consumer Portfolio Services are planning to issue a combined total of $501 million in bond backed by subprime auto loans.

Ford Motor Credit Company’s latest securitization pools the highest amount of longer term loans than any of the previous deals issued by the sponsor, according to Fitch Ratings.

Deutsche Bank AG officials are reviewing whether some employees exaggerated demand as they marketed new securities backed by risky auto loans, potentially suppressing yields for investors, according to a person with knowledge of the matter.

Westlake Services is pooling a larger percentage of its lower credit borrowers in the sponsor's first bond offering of the year.

AmeriCredit Financial Services has started securitizing what may be some of its riskiest subprime loans – those with terms as long as 6.25 years.

DriveTime Automotive Group plans to issue $340 million of bonds backed by subprime auto loan securities, according to Kroll Bond Rating Agency.