The sudden collapse of a roughly $1 billion subprime auto lender has stranded about 100,000 borrowers in a legal and financial gray zone and wiped out 1,000 jobs almost overnight. What began as a ...
Saying the subprime sector “had a mixed year,” S&P Global Ratings reported that U.S. auto loan ABS issuance volume reached a record high for the second consecutive year. According to the firm’s newest ...
Federal prosecutors have accused the leadership of a once fast‑growing subprime auto lender of orchestrating a sweeping fraud that helped topple the company and ripple through the banking system. The ...
Subprime auto lending company Flagship Credit Acceptance agreed to sell its business operations and other assets to specialty finance firm InterVest Capital Partners, according to a statement Friday, ...
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