Consumer ABS

A federal judge has ordered Corinthian Colleges to pay more than $531 million on charges brought by the Consumer Financial Protection Bureau that the for-profit college used illegal tactics to collect on student loan debt.

The Department of Education on Tuesday finalized a set of rules that will restrict certain banking practices for federal student loan servicers.

Skopos, an indirect lender, is readying its first term securitization of subprime auto loans with a credit rating.

Flagship Credit Acceptance, the subprime auto lender controlled by Perella Weinberg Partners, is in the market with a $450 million securitization, according to Standard & Poor’s.

Fifth Third Bank is marketing a $750 million prime auto loan securitization, according to Fitch Ratings.

Two banking regulators approved a final rule Thursday to raise collateral requirements for uncleared swaps.

Springleaf's proposed acquisition of Citi's OneMain Holdings is being delayed by the Justice Department, which appears focused on preserving competition at the local level — even as a raft of new subprime installment lenders are popping up on the Web

NextGear plans to issue $433 million of fixed and floating-rate notes backed primarily by auto dealer floorplan receivables, according to Moody’s Investors Service.

Sallie Mae Bank is returning to the securitization market for the first time since Moody’s Investors Service and Fitch Ratings put billions of dollars of FFELP loans under review for possible downgrades

Volkswagen is returning to the securitization market for the first time since news broke that the automaker had rigged diesel vehicles to cheat emissions tests.