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Tricolor trustee plagued by payment challenges, potential fraud 

WTNA is trustee for lenders BMW, Capital One, Toyota and others 

Amanda HarrisbyAmanda Harris
September 30, 2025
in Capital & Funding
Reading Time: 3 mins read
0

Wilmington Trust, National Association, a subsidiary of M&T Bank, as trustee for Tricolor Auto, is responsible for facilitating payments and providing protection for noteholders, managing defaults and ensuring that transactions are processed correctly.   WTNA on Sept. 20 announced its intent to resign as indenture trustee and custodian for Tricolor’s asset-backed securitization (ABS) transactions but will […]

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