ABS

Renovate America is marketing another $305.3 million of bonds backed by Property Assessed Clean Energy bonds financing energy efficiency renovations for California homeowners.

A committee convened by the Federal Reserve to examine potential replacements for widely used interbank offered rate benchmarks has published its interim conclusions, identifying two potential alternatives.

One of the country's largest online lenders is cutting jobs and shelving expansion plans in response to investors' rapid retreat from the beleaguered sector.

After a nightmarish week, Lending Club now finds itself contemplating emergency maneuvers that would have been unimaginable at the start of the month.

Speaking at IMN’s 5th annual conference on leveraged loans and collateralized loan obligations, LSTA executive Meredith Coffey and SFIG executive director Richard Johns each gave sobering assessments of the inevitable, and possibly debilitating, arrival of new capital ratio and risk retention standards to CLOs and other ABS deals.

Prosper Marketplace Inc. has met with investors including Fortress Investment Group about potential capital injections, according to a person with knowledge of the matter.

Mercedes-Benz is marketing its first dealer floor plan securitization in a year, with a new $750 million bond issuance split between a pair of two-year and three-year maturity tranches.

LEAF Capital Funding is marketing $310 million of securities backed by equipment leases, according to DBRS

Even before the Treasury Department released its policy recommendations for the marketplace lending sector, an industry-backed campaign opposing new rules for small-business credit was underway

LendingClub Corp. founder and Chief Executive Officer Renaud Laplanche resigned after an internal review of loan sales to a single investor, and president Scott Sanborn was named acting CEO.