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Tricolor bondholders seek to subpoena JPMorgan Chase, Fifth Third
A group of Tricolor bondholders has requested to subpoena JPMorgan Chase and Fifth Third Bank to learn whether they had...
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EV credit elimination could contribute to higher losses in ABS deals
Expiration of federal tax credits for new and used electric vehicles could contribute to price volatility, hurting recoveries and leading...
Lenders invest in tools to mitigate double-pledging, credit washing
Lenders are investing in tools to mitigate double-pledging of assets and credit washing in light of an uptick in fraud. ...
AI contributes to 25% rise in fraud losses
AI-assisted fraud rings are contributing to a rise in losses at financial institutions such as credit unions. Fraud losses...
Auto stocks up 4% through Black Friday (Big Wheels)
Auto stocks climbed during the holiday week but were down on the first trading day after Black Friday. The Big...
Podcast: Tricolor’s 10K vehicles could be sold by March
Bankrupt subprime retailer Tricolor’s 10,000 remaining vehicles may be sold by March 2026 if trustee Anne Burns’ motion is approved....
Tricolor former CEO Daniel Chu seeks to shore up $15M legal defense
In one of his first public actions since Tricolor Holdings declared bankruptcy, former Chief Executive Daniel Chu has started amassing...
Black Friday auto deals offer 0% APR financing, $2.5K cash back
Auto manufacturers are offering low APR options and cash-back incentives for Black Friday 2025. "Even with rate cuts in both...
Auto delinquencies rise 88 bps across securitized nonprime loans
Early-stage delinquencies rose across prime and nonprime securitized auto loans in October, while net losses improved, and auto asset-backed securitization...
