Consumer ABS

Regulators will unveil a long-awaited final rule next week that requires lenders to retain some of the risk for loans they securitize, a critical part of the Dodd-Frank Act that the agencies have struggled to implement.

FGA Capital, the company formed by a joint venture between Fiat and Credit Agricole, is gearing up to sell €437.5 million of senior rated securities backed by Italian auto loans.

Santander Consumer Finance plans to sell securities backed by Finnish auto loan receivables.

Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient.

Which opinion is more reliable: A well-informed one tainted by financial arrangements or one free of such conflicts but based on limited data — and possibly colored by spite?

The volume of securitization tranches that have earned the label of Prime Collateralised Securities (PCS) has topped €100 billion ($127 billion), according to a release from the eponymous organization.

RCI Banque, the financing arm for Renault Nissan Alliance, hired BNP Paribas, Societe General and HSBC to manage a €644 million ($820M) securitization of French auto loans.

Volkswagen Leasing upsized a German auto lease securitization to €1 billion ($1.28B) from €723 million, and priced the deal this week.

Participants at the ABS East conference don’t expect asset-backed securities or other kinds of structured finance to change hands online anytime soon.