Consumer ABS

The U.S. ABCP market remains on its path of decline, with total outstandings falling 18% so far this year, according to Fitch Ratings.

Here's a puzzle of modern finance: during a period when borrowing costs are at rock-bottom levels and tens of millions of borrowers have refinanced their mortgages, it remains impossible for many gainfully employed Americans to refinance their student loan debt.

The deal called Auto ABS German Loans Master is the fifth German auto loan securitization transaction originated by Banque PSA, a subsidiary of Peugeot.

Americans continued to cut back on credit card debt and reduce late payments in the third quarter, according to a new report from TransUnion.

California Republic Bank priced $247 million of bonds backed by subprime auto loans, according to a regulatory filing.

The swelling trillion-dollar student loan market is missing key data and regulations necessary to head off another financial crisis, according to Rohit Chopra, the Consumer Financial Protection Bureau’s top official in charge of dealing with student loans.

In a sign of the interest among U.S. professionals in refinancing their federal student loan debt, start-up lender Social Finance is planning its first loan securitization.

A German auto loan securitization and two dealer floorplan transactions backed by German auto receivables are marketing in Europe this week.

Capital One is marketing $500 million of bonds backed by credit card receivables, according to ratings agency presale reports.

Citigroup is prepping a conduit commercial mortgage-backed securitization for $867 million.