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Bank of America names co-presidents, appoints CFO Borthwick EVP

Bank of America today named two co-presidents and promoted Chief Financial Officer Alastair Borthwick to executive

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Tricolor exit could have ripple effect on small subprime lenders

As two subprime lenders are pausing or shuttering business, lenders say the success gap between small-

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Tricolor Auto ABS ratings at risk of downgrade amid bankruptcy 

Kroll Bond Rating Agency and Moody’s Ratings have put their ratings on downgrade watch for Tricolor

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Used-vehicle inventory tightens amid demand boost 

Used-vehicle inventory is shrinking for EVs and internal combustion engine cars as demand continues to rise.

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Ironhorse Funding’s Krumdick joins Powersports Finance Summit 2025 

Powersports Finance News is pleased to announce that Jon Krumdick, chief executive at Ironhorse funding, will

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Subprime auto lender collapse delivers blow to risky debt market

The sudden collapse of a Texas subprime car lender is sending shock waves from border-town dealerships

  • Bloomberg News
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Tricolor Auto Acceptance files for Chapter 7 bankruptcy 

Tricolor Auto Acceptance filed for bankruptcy today following reports that the subprime auto lender had closed

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EV sentiment falls to record low despite sales boost 

EV sales forecasts look grim after the federal EV tax credit expires Sept. 30, dealers say.

  • Truth Headlam
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Credit Union Auto Lending Surges

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