My Money Bank debuts unsecured consumer ABS

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By Tom Brown
01 Sep 2020

Cerberus-owned My Money Bank (MMB) has announced its first unsecured consumer loan ABS, mandating Crédit Agricole for the deal which securitizes loans originated in France and four overseas territories.

MMB, previously called GE Money Bank and renamed in 2017 following the Cerberus Capital Management acquisition, originated the consumer loans alongside Sorefi, a credit specialist on the overseas territory of La Réunion and former overseas lending arm of GE Money Bank.

MMB closed its first auto ABS deal ...

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