TD Bank ranked as the top U.S. bank investor in non-mortgage ABS at the end of the second quarter, after notching gains in both securitized auto loans and business finance. (Includes two data tables.)
The rule, implemented in June, aims to prevent conflicts of interest in the ABS market. The SEC provided no-action relief in May, helping ease compliance with the rule.
ABS sectors including commercial equipment, shipping containers and trucking could experience the biggest negative impacts from rising tariffs, according to S&P.