Topic
Subprime Lending
243 published works
Government Enforcement, Compliance & Investigations Report
SEC Charges Former Executives of Subprime Auto Lender Over Alleged $1.9 Billion ABS Fraud
By Kip Randall, Sarah Razaq Sallis
On August 18, 2026, the Securities and Exchange Commission (SEC or the Commission) charged the former CEO, CFO, and Senior Director of Finance of a Texas-based auto lending company with…
The Securities Law Blog
SEC Charges Former Executives With Fraud in Connection With $1.9 Billion Collapse of Subprime Auto Lender Tricolor
The Securities and Exchange Commission today charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance, respectively, at Texas-based Tricolor Holdings, LLC, for…
Credit Chronometer
Lighting the Match — Subprime Auto ABS Structure Comes Under Attack
By Joseph Cioffi, Nicole Zatserkovniy
Investors in subprime auto asset-backed securities (ABS) have had more than a decade to study the wave of litigation that followed the collapse of subprime residential mortgage-backed securities, assess the…
Credit Chronometer
Law360 | PrimaLend To Seek Ok for Ch. 11 Bidding in Market Test
PrimaLend’s Chapter 11 case is being closely watched as a key indicator of market confidence in the troubled subprime auto lending sector. The Texas-based lender gained court approval for bidding…
Credit Chronometer
Law 360 | Auto Lenders Shaken by Bankruptcy, Stirring Broader Worries
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…
Credit Chronometer
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,…
Credit Chronometer
Fool Me Once, Fool Me Twice: What Yet Another Subprime Auto Bankruptcy Means
By Joseph Cioffi, Nicole Zatserkovniy
When a lender falls, it’s tempting to believe it is an isolated failure. When a second lender fails, it’s time to look for broader patterns of stress in corners of…
Credit Chronometer
Double Trouble in Tricolor: Risks in Collateral Misrepresentation
By Joseph Cioffi, Nicole Zatserkovniy
In a troubling development for the broader subprime auto and asset-backed securities markets, several auto loans tied to Tricolor Auto were found to contain duplicate vehicle identification numbers (VINs), suggesting…
Credit Chronometer
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…
Credit Chronometer
Tricolor’s Impact on Subprime Auto: Trust, But Verify
By Joseph Cioffi, Nicole Zatserkovniy
Subprime auto’s long, smooth ride through the pandemic, recession, and changes in administrations has come to a screeching halt with the chapter 7 bankruptcy of Tricolor on September 10, 2025.…