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Tricolor Auto Acceptance this month issued its second asset-backed securities (ABS) social bond, a $224 million transaction backed by loans to low-income borrowers without FICO scores. The Dallas-based lender serves thin- and no-file Hispanic consumers by leveraging machine learning and artificial intelligence. Its initial $212 million social ABS bond in May 2022 was the first […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
