There is also a class N tranche of notes that make payment to those noteholders if funds are available after the overcollateralization.

The next chapter in Jim Landy’s career in auto finance will arrive through another acquisition involving a lender and an ...

New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those ...

A number of stocks jumped in the afternoon session after investors grew more optimistic about a potential Federal Reserve interest rate cut in December.

Subprime auto lending company Flagship Credit Acceptance agreed to sell its business operations and other assets to specialty ...

Auto lender Flagship Credit Acceptance today announced an agreement to sell the business to specialty finance investment firm ...

Upon the final closing of the transaction, Jim Landy, a seasoned auto finance executive and founder, will assume the role of Chief Executive Officer at Flagship. "This is an exciting moment for ...

Nov 7 (Reuters) - Pan-European exchange operator Euronext (ENX.PA), opens new tab on Friday said it is cutting the acceptance threshold from 67% to 50% plus one share of the voting rights in its bid ...

We're all just a little worried about the U.S. economy these days, aren't we? So naturally, the sudden collapse of a big used car dealer – Tricolor Holdings, which specialized in customers with ...

The economic impact of automobile and personal loans is larger in Texas than any other state, according to new data. Crunching data from 2023, Oxford Economics, a U.K.-based research firm, estimated ...

A surge in subprime auto loan delinquencies, high-interest burdens and rising car ownership costs are pushing America's auto credit system toward a breaking point, with recent bankruptcies exposing ...

Sometimes, the fraud involves manipulating a credit file to make the borrower appear less of a risk. It's a term called 'credit washing.' Fraud losses in auto loans were 21 times higher than those ...