Consumer ABS

Volkswagen Bank said today that it sold two tranches from its Driver Thirteen, German auto loan securitization at the lower end of price talk.

Volkswagen Bank announced a €717 million ($138 million) auto loan securitization issued under the sponsor’s auto loan receivable program in Germany.

Final rules requiring sponsors of securitizations to retain “skin in the game” were published in the Federal Register today.

Marketplace lender Social Finance may seek a larger initial public offering than initially planned, according to Chief Executive Mike Cagney.

The Chicago Board Options Exchange has launched a product designed to allow fixed-income investors to hedge against interest-rate volatility.

Regulatory clarity is an integral factor in Fitch Ratings stable outlook for the securitization market in 2015.