Credit-card-backed debt issuance has been scant - just $5B in bonds this year, vs. $46B in...

|By:, SA News Editor

Credit-card-backed debt issuance has been scant - just $5B in bonds this year, vs. $46B in auto-sector asset-backed securities - but that's likely to change with some upcoming deals, as those backed by credit cards aren't affected by the FDIC's recent changes to safe harbor rules.