Colorado true lender case threatens marketplace ABS trusts

A Colorado state court ruled earlier this month that marketplace loan ABS trusts that purchase loans originated to customers in the state are subject to local consumer credit laws, raising the potential for lawsuits if loans were originated via partner banks outside of the jurisdiction.

  • By Jennifer Kang
  • 24 Apr 2019
“If you are a securitization trust, you may be forced to have to go hire a counsel to defend yourself if you buy a marketplace receivables,” said Scott Cammarn, co-chair of the financial services group and partner at Cadwalader. “No one would have expected to have to hire ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%