Consumer ABS

Volkswagen is turning to its Chinese assets for its first auto loan, asset backed securities deal of the year.

CommonBond, a New York firm that makes student loans through an online platform, said Tuesday that it has raised more than $275 million in debt funding from Barclays and others.

Bank of America has removed approximately $2.67 billion of receivables from its credit card trust over the past two months.

Once billed as a safer alternative to traditional finance, the new crop of tech-powered lenders is starting to resemble previous generations of finance companies whose fortunes rose and fell with each economic cycle.

DBRS assigned ‘AAA’ ratings to €137.5 million ($150.3 million) of notes issued from RCI Banque’s Cars Alliance Auto Loans France Master.

From refinancing the wall of maturing CMBS to getting CLO manager skin the game, these articles held your interest the longest.

Standard & Poor's downgrade of Volkswagen will have no immediate impact on its three U.S. auto loan and one auto lease asset-backed securities transactions it rates originated by VW Credit.

The number of borrowers behind on private student loan payments lat the end of the third quarter declined from the year-earlier period, though it was up slightly over the previous six months, according to MeasureOne.

California Republic Bancorp has issued a recently-closed securitization of prime auto loans, the company said in a release.

Fitch Ratings has placed another $30 billion of bonds backed by guaranteed student loans under review for potential downgrades.