Legislative Risk May be Biggest Driver of Private Credit Student Loan Performance
June 18, 2010
The performance of private credit student loan ABS, improving of late, has nonetheless been limited by the weak labor market, stagnant wages and high consumer debt burdens, according to a new analysis by Barclays Capital. However, the biggest threat to the performance and recovery of the sector going forward may be legislation on Capitol Hill. “There is a marked pro-consumer tilt in Washington these...