Consumer finance lenders have raised their level of asset-backed market activity this year, particuarly. But Fitch Ratings does not see that presenting any "structural" changes regarding the mix of secured and unsecured funding resources for ABS issuers in credit cards and other consumer-finance sectors.

In a brief report issued Wednesday, the ratings agency concluded there is not a fundamental shift away from their primarily secured wholesale resources like consumer deposits and unsecured borrowing, despite highly elevated ABS levels this year in consumer-lending categories.

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