Gaps in data verification likely contributed to missed double-pledging of assets at Tricolor Auto, prompting changes at rating agencies, Larry Chiavaro, president at his consulting company LC Advisors Group, told Auto Finance News during ...
US prosecutors charged the founder of bankrupt subprime auto lender Tricolor Holdings with conspiring to defraud lenders and investors, in ...
The discovery of a sophisticated fraud pattern involving the deliberate reuse of residence documents across multiple auto loan applications highlights ...
AI-assisted fraud rings are contributing to a rise in losses at financial institutions such as credit unions. Â Fraud losses ...
Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his fortune on, ...
Fifth Third’s auto portfolio grew in the third quarter, despite the potential loss of millions following subprime lender Tricolor Holdings’ ...
Lawyers for Tricolor Holdings’ trustee confirmed in a court hearing today that the subprime lender is under government investigation for ...
Wilmington Trust, National Association, a subsidiary of M&T Bank, as trustee for Tricolor Auto, is responsible for facilitating payments and ...
