After a steady stream of issuance in the consumer ABS market for the Term ABS Loan Facility's (TALF) past two subscription dates, industry pundits touted the success of the program for not only luring back investors but also bringing new issuers into the market. This includes a $940 auto loan ABS from first-time issuer GMAC's Ally Bank and a $703 million auto-lease deal for the August subscription date from Wheels, its second public U.S. securitization.

TALF's gaining traction in the ABS market is proven by the numbers. About $15 billion in ABS debt were sold for the Sept. 3 subscription date, marking the highest total since June, according to Bank of America data.

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