ABS

Although European CLO issuance picked up in March following new central bank quantitative easing efforts, volume still finished the first quarter with a 42% decline from the same period a year ago, according to Moody’s Investors Service.

The BA Credit Card Trust 2016-1 issue will be feature a Class A tranche of BAseries notes, which BofA expects to have a triple-A structured finance rating from Moody’s Investors Service and Standard & Poor’s.

LendingClub, the online loan platform looking to restore investor confidence, is in talks with Citigroup to arrange more funding for the debts it arranges, according to a person with knowledge of the matter.

Specialized lender Oxford Finance is securitizing a $324 million notes package backed by first-lien senior loans it has originated for life sciences research firms and healthcare services companies.

Hertz Corp. is marketing two as-yet unsized offerings of notes backed by its auto rental fleet, according to rating agency reports.

A surge of bankruptcies and a trio of distressed exchanges so far in May show that speculative-grade corporate liquidity remains under pressure heading into the summer, according to Moody's.

Before we write off marketplace lending, let's remember: we are still at the relative beginning of this journey. There will be some bumps in the road, as there are for new companies in any field. Innovation takes time and so does building a great company.

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.

Driven Brands, the holding company controlled by Roark Capital, is issuing another $45 million from its whole business securitization.

The $828.6 million American Airlines Series 2016-2 trust certificates will be secured by 22 recently or soon-to-be delivered, newly manufactured Airbus and Boeing passenger jets, American reported in a filing with the Securities and Exchange Commission.

MassMutualAssetFinance is putting more of its business with Uncle Sam into its latest equipment lease and loan securitization package of transportation, federal energy, computers and software contracts.