Consumer ABS

Bank of America Merrill Lynch has increased its forecast for issuance of bonds backed by airplane and railcar leases and timeshare loans and other non-traditional asset classes for 2014 by $5 billion to $20 billion.

On Wednesday the Securitization and Exchange Commission will consider whether to adopt rules revising the disclosure, reporting and offering process for all things asset-backed.

Volkswagen Financial Services plans to issue a securitization backed by U.K. auto loans, according to Standard & Poor’s.

Chinese auto loan securitization, initially destined for a largely domestic investor base, is taking off.

Volkswagen announced today that it priced its CNY800 million ($128 million) securitization of Chinese auto loans.

Barclays Bank, operating under its trading name Barclaycard, is planning its first credit card securitization of the year, according to a presale report published by Standard & Poor’s.

Social Finance’s second “peer-to-peer” lending securitization deal, SoFi Professional Loan Program 2014-A, has been assigned a preliminary ‘A’ ratings by DBRS.

Referring to the criteria for Prime Collateralized Securities as “a living construct,” the PCS initiative today said it had revised what determines whether a securitization receives this label of high-quality or not.

BMW plans to issue €800 million ($1.09 billion) of securities backed by a portfolio of German auto loan receivables.