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