The Rubber Hits the Road for the Term Asset-Backed Loan Facility
27 May 2009
Mayer Brown Legal Update
TALF is designed to restart primary issuance in the asset-backed securities (ABS) markets, which have played a critical role in funding consumer finance in recent years but have been “virtually shuttered” since October. It is hoped that reopening these markets as a source of funding and liquidity for lenders will increase the availability of credit to consumers and small businesses and, in turn, stimulate the broader economy.