Tricolor Auto Acceptance’s Chapter 7 bankruptcy filing on Sept. 10 and the Department of Justice’s subsequent fraud investigation sent shock waves through the auto lending and subprime markets, prompting market participants to ask questions, streamline lending processes and conduct internal reviews to reassure investors that assets were not double-pledged. Read more on Tricolor. Amid allegations of double-pledging assets on warehouse lines and misconduct that unfolded during Tricolor’s bankruptcy proceedings, there have been calls for increased transparency in lending and securitization markets. Here are Auto Finance News’ picks […]
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