The Term Asset-Backed Loan Facility (TALF) was created to support the flow of credit to consumers and businesses. The TALF program provides loans to eligible lenders that are secured by certain types of assets, including auto loans, student loans, and credit card receivables.
TALF loans can be used to fund new lending or to refinance existing loans. The program has been successful in providing liquidity to the financial system and helping to stabilize the economy.