Oct 22, 2025 · The percentage of subprime borrowers – those with credit scores below 670 – who are at least 60 days late on their car loans has doubled since 2021 to 6.43%, according to Fitch Ratings.

Sep 12, 2025 · Tricolor, a major subprime auto lender specializing in buyers without social security numbers or credit histories, is going out of business.

Dec 17, 2025 · Federal prosecutors have charged top executives at the subprime auto lender Tricolor with conspiring to defraud lenders and investors of the now-bankrupt company.

Mar 16, 2025 · The Consumer Financial Protection Bureau, the banking watchdog created after the subprime mortgage meltdown and the 2008 global financial crisis, has been thrown into chaos as the …

Oct 16, 2025 · First, a subprime auto lender and dealer went bust last month in a crash fueled by plenty of risky loans and, allegedly, “pervasive fraud” of “extraordinary proportion,” a lawyer said in ...

Feb 5, 2026 · The car repo business is booming as Americans fall behind on their increasingly expensive car payments.

Mar 6, 2026 · What you’re seeing is some of that shake out.” Ghosts of 2008 For some prominent investors, the parallels to the subprime mortgage crisis seem obvious.

May 30, 2024 · That scenario is “exactly what happened during the subprime crisis, when millions of homeowners were underwater on their mortgage and went into default,” said McCoy, a former …

Apr 2, 2024 · GE Capital had played a large role in the company’s broader decline with lending to a variety of customers and segments including subprime mortgages, and causing the company’s to …

Mar 26, 2025 · Student loan delinquencies are poised to hit record highs, and more than 9 million borrowers could see their credit scores tank in the first quarter of this year, according to new data …