American Credit Acceptance faces pressure in ABS deal | Auto Finance News | Auto Finance News

American Credit Acceptance faces pressure in ABS deal

© Can Stock Photo / liveslow

American Credit Acceptance’s latest subprime asset-backed securitization provides a glimpse into the pricing pressure lenders face when leveraging capital markets as a funding avenue. Investor confidence has dampened since the coronavirus pandemic rattled financial markets and unemployment levels reached 14.7%, a figure not seen since World War II. As a result, issuers have had to […]

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