FDIC Safe Harbor Proposal Would Benefit Consumer ABS Investors, Seems Workable for Most Issuers
May 21, 2010
The revised safe harbor proposal released last week by the Federal Deposit Insurance Corp. will likely be a plus for investors in consumer ABS without being too onerous for most issuers, according to one noted analyst, but that doesn’t mean there aren’t some potential problems. “We generally view the requirements for safe harbor as achievable by most consumer ABS issuers...