News analysis: a revised TALF could jolt ABS issuance

The Federal Reserve could begin to unfreeze consumer credit via its latest revisions of a loan program for holders of asset-backed securities collateralised by consumer loans, according to analysts at market research firm TowerGroup.

The Fed last week extended the loan maturity of the Term Asset-backed securities Loan Facility from one to three years, and has allowed TALF loans to be distributed to borrowers with eligible collateral rather than via auctions.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump