Providian Financial Corp.'s recent run-in with the Office of the Comptroller of the Currency will not likely have an effect on the outstanding asset-backed securities, though the terms of the settlement have yet to be disclosed or finalized, according to market sources.

Regardless, the incident is another example of regulators cutting down on alleged abuses in consumer lending. The OCC declined to comment, as they've yet to issue an official statement on the matter.

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