The bankruptcies of Tricolor and PrimaLend marked the first major insolvencies that the U.S. auto lending industry had seen in years. According to industry observers, they serve as a wake-up call for lenders that may have grown too comfortable with minimal oversight and few consequences. In a Continue Reading
Structured Credit Investor | Mass Deportations and Due Diligence Gaps Are Exposing Cracks in the US Consumer ABS Market
Deportation policies and due diligence blind spots are exposing hidden risks in the U.S. consumer ABS market. The market is facing a new kind of crisis — not of defaulting borrowers, but of disappearing ones. As mass deportations and tightening immigration enforcement under the Trump Continue Reading
SubPrime Auto Finance News | Experts From Davis+Gilbert and McDonald Hopkins Offer More Analysis of Tricolor Bankruptcy Impact
With the recent bankruptcy filing by Tricolor Holdings, many industry leaders are attempting to predict how this will impact subprime auto finance for the remainder of the year and beyond. Joseph Cioffi and Nicole Zatserkovniy, attorneys in the Bankruptcy, Creditors’ Rights + Finance Practice Continue Reading
MarketWatch | Why Worries Over Subprime Auto Bonds Might Be Only Getting Started
Joseph Cioffi was quoted in a MarketWatch article, "Why Worries Over Subprime Auto Bonds Might Be Only Getting Started." Continue Reading
26th Annual Non-Prime Auto Financing Conference | Pandemic Strategies for Success: Managing Legal and Business Risks
Davis+Gilbert is a proud sponsor of the 26th Annual Non-Prime Auto Financing Conference taking place in Plano, TX, June 1-3. On June 2, Joseph Cioffi, Davis+Gilbert Insolvency + Finance chair, will speak on a panel with Sean Morgan, Senior Vice President at Westlake Financial, Lowell Continue Reading
LendIt Fintech USA | How Fintech is Finally Disrupting Auto Finance
Davis+Gilbert is a proud sponsor at LendIt Fintech USA at the Javits Convention Center in New York City. On May 26, Davis+Gilbert Insolvency + Finance partner Joseph Cioffi will moderate a panel entitled "How Fintech is Finally Disrupting Auto Finance," with Kevin Bennett, CEO of Continue Reading
GlobalCapital | Rental Car Securitization Enters Climate Change Era With Hertz-Tesla Deal
Joseph Cioffi was quoted in a GlobalCapital article "Rental car securitization enters climate change era with Hertz-Tesla deal". Continue Reading
SCI | Securitization Key to Hertz’s Near-fatal Collapse and Its Resurrection
Joseph Cioffi was mentioned in a SCI article “Securitization key to Hertz's near-fatal collapse and its resurrection“. Continue Reading
Consumer Reports | Many Americans Are Overpaying for Their Car Loans
Joseph Cioffi was mentioned in a Consumer Reports article "Many Americans Are Overpaying for Their Car Loans". Continue Reading