The TALF (Term Asset-Backed Securities Loan Facility) is a program created by the Federal Reserve that aims to support the issuance and accessibility of asset-backed securities (ABS) collateralized by underlying consumer and business credit. First introduced during the 2008 financial crisis, TALF seeks to encourage the flow of credit to households and small businesses.
A Federal Reserve funding facility established to lend up to $200 billion on a nonrecourse basis to holders of certain AAA-rated asset-backed securities, designed to promote the flow of credit to consumers and businesses.
