ALLCU raises $243.7 million in prime auto ABS
A new cohort of lenders, Dort Financial Credit Union, Gesa Credit Union and Liberty Federal Credit Union originated the loans and contributed them to the collateral pool.
Auto lending
Ally’s auto delinquencies rise in tandem with originations
Ally Financial reported higher auto loan delinquencies and charge-offs in the third quarter, even as loan originations and applications grew. The mixed trends came amid persistent affordability pressures on consumers.
SEC sues three ex-Tricolor executives over bond fraud
The agency says the subprime auto lender pledged the same car loans to several lenders and bond deals at once, leaving investors owed about $945 million.
Ally grows despite ‘stubbornly high’ auto delinquencies
Until this quarter, car-loan delinquencies for the Detroit-based bank had been steadily dropping. But in the spring of 2026, that momentum showed signs of slowing.
Auto ABS suffers the most in a K-shaped economy
Subprime auto and unsecured consumer loans are under pressure even as overall ABS performance remains steady.
Late student-loan payments are rising. Is a domino effect coming?
The 90-day-plus delinquency rate on student loans hit 10.3% in the first quarter, and New York Fed researchers warn that a second wave of defaults could be coming. Evidence is mixed regarding the likely impact on other consumer-lending segments.
Ally’s auto credit improves, despite tough backdrop
Nationwide, Americans are falling behind on their car loans. But among Ally Financial's customers, delinquencies fell during the first quarter.
Global Lending ready to sell $225.3 million from auto loans
Transactions from 2024 are performing better than deals issued in 2023, and deals from 2025 and 2024 are performing well with in expectations.
Tricolor’s excel guy failed to fix numbers in alleged fraud
Discrepancies were ultimately flagged not by regulators or auditors, but by a junior analyst at Waterfall Asset Management, one of Tricolor's lenders
Tricolor founder Chu charged with alleged fraud, DOJ says
The indictment accuses Daniel Chu and other executives who had worked at Tricolor of operating the company through "systemic fraud."
Westlake Flooring’s dealer floorplan ABS raises $230.9 million
WFLOOR 2025-1's annualized monthly yield, which averaged 20% since 2018, has been consistently higher than most other dealer floorplan trusts that Moody's rates.
Ally beats expectations despite auto industry tumult
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
Arra Finance sets sights on auto ABS market with new funding and tech
Goldman Sachs and Obra Capital are providing loan funding, and the Crescent Auto Finance acquisition brings a technology platform and loan portfolio.
Banks push back on CFPB plan to curb nonbank supervision
The Consumer Financial Protection Bureau received pointed pushback from banks in their public comments on a proposed rule that would slash the number of nonbanks being supervised in four key markets.
Auto lending fintech Lendbuzz files for IPO
The AI-powered auto lender is the latest fintech to debut an IPO in recent months, even as a different auto lender filed for bankruptcy this week.
More banks take hits from auto lender’s bankruptcy
Origin Bancorp, Renasant Bank and Triumph Financial are the latest financial institutions to report exposure to the bankrupt auto lender Tricolor, joining a list that includes Fifth Third, Barclays and JPMorganChase.
Consumer Portfolio Services sells $418.3 million in subprime auto ABS
While the CPSART program, especially the 2022 and 2023 series, was performing worse than its initial or revised expectations, the 2025-C collateral was relatively better.
How Santander plans to grow in the US
While other European-based banks have retreated from the United States, Santander is doubling down by building out its nationwide digital-banking platform. "Unequivocally," said U.S. CEO Christiana Riley, "the opportunity … is so clear."
Southern Auto Finance gets ready to float $200 million in notes
Southern Auto Finance uses a heavily automated origination process that puts applicants through several rounds of vetting, including income and employment verification.
Potential auto repossessions increased post-pandemic, while deficiencies soared
Outstanding loans eligible for repossession in December 2022 saw a 22.5% increase from December 2019, but redemptions were higher than pre-pandemic levels.
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