Blue Senate committee raises risks for ABS lenders
![Sherrod Brown Democrat Senate](https://assets.euromoneydigital.com/dims4/default/16c7306/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F51%2Fcd%2F83e3f2432e6626812adddc948bd6%2Fpa-34614837.jpg)
A blue Senate is posing a new threat to the ABS market, as regulators and lawmakers are set to turn their focus to consumer protection. Sherrod Brown, a critic of big banks and a loud consumer rights advocate, is now favourite to chair the Senate Committee on Banking, Housing and Urban Affairs, which could lead to a stream of headline risks for lenders.
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