Flagship Credit sold to investment firm InterVest
Auto lender Flagship Credit Acceptance today announced an agreement to sell the business to specialty finance investment firm InterVest capital partners and will be rebranded ...
Tag: Flagship Credit Acceptance
Subprime auto ABS market sees ‘stress’ as immigration enforcement mounts, DQs rise
Subprime auto securitizations are experiencing heightened stress and increased delinquencies, while transactions with large concentrations of loans to immigrant borrowers ...
Global Lending Services, Flagship Credit said to be for sale
Two auto finance companies are for sale in the wake of Crescent Bank’s recent sale of its auto portfolio, although ...
Lucid Motors appoints Boussaid CFO
EV maker Lucid Motors has appointed Taoufiq Boussaid to serve as chief financial officer, effective Feb. 25. Boussaid will “focus ...
JPMorgan Chase names Piepszak COO
JPMorgan Chase today promoted Jennifer Piepszak to chief operating officer. Piepszak, who has been serving as co-CEO of the company’s ...
Readers’ picks: Top 5 stories of 2024
Auto lenders have faced a year marked by affordability challenges, regulatory oversight and the need for innovation to be competitive. ...
Perella, Innovatus explore sale of auto lender Flagship Credit
The owners of Flagship Credit Acceptance LLC are exploring a sale of the auto-finance provider, according to people with knowledge ...
Higher losses prompt rating downgrades on subprime securitizations
S&P Global has again lowered its ratings on a 2022 Flagship Credit Acceptance auto securities transaction as loss expectations rise ...
