Fraud losses in auto loans were 21 times higher than those involving credit cards, according to a new analysis from TransUnion.

For weeks, investors have focused on Jefferies Financial Group, an investment bank that has at least $45 million worth of exposure to First Brands, an auto-parts supplier that filed for bankruptcy ...

Bankrupt subprime auto lender Tricolor Holdings appears to have been a “pervasive fraud” of “extraordinary proportion,” a ...

By Manya Saini (Reuters) -Jefferies was defrauded by bankrupt auto parts maker First Brands Group, its CEO Rich Handler said ...

What's at stake: JPMorganChase recorded a $170 million charge-off in connection with Tricolor's bankruptcy. While that's a ...

The seemingly sudden bankruptcy of subprime auto lender Tricolor Holdings has thrown the used-car financing world into chaos, with banks, investors, and regulators racing to untangle the complex ...

The subprime market is split as some lenders expand and others shutter or pause originations amid rising inflation and ...

Both the American Financial Services Association and the American Bankers Association welcomed the dialogue during a hearing last week hosted by the U.S. House Financial Services Committee. Lawmakers ...

The world is filled with scams. Some of them are in the spotlight while others are a bit subtle. However, auto loans may be the biggest scam in America. That's what real estate investor and financial ...

Western Alliance Bancorporation sues borrower over loan fraud, reassures collateral covers obligations, and maintains 2025 ...

Dallas-based Tricolor Holdings, once certified by the U.S. Treasury as a “community development” lender, has filed for bankruptcy amid fraud allegations, leaving major banks facing steep losses.

The seemingly sudden bankruptcy of subprime auto lender Tricolor Holdings has thrown the used-car financing world into chaos, with banks, investors, and regulators racing to untangle the complex ...