Over the past decade, lenders like Tricolor grew quickly due to investor appetite for high-yield debt and a narrative of ...
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$1B car loan implosion traps 100K drivers and erases 1,000 paychecks
The sudden collapse of Tricolor Holdings has turned a routine car payment into a source of fear for tens of thousands of ...
Tricolor Holdings founder Daniel Chu and former Chief Operating Officer David Goodgame pleaded not guilty to charges that ...
For five hours, lawyers for creditors pressed Daniel Chu again and again on Tuesday for details on the collapse of his subprime auto-loan business Tricolor Holdings.
CEO and chief operating officer of subprime auto lender and retailer stand accused of misleading creditors on collateral ...
Jazelle Gee felt excited after she bought a 2019 Honda Civic at Tricolor Auto in Fort Worth — and relieved she finally had a reliable ride after her last vehicle was labeled as a hazard. The car ...
For consumers, the Tricolor case is a reminder that subprime auto loans can carry risks far beyond a monthly payment. High interest rates mean balances decline slowly, leaving borrowers vulnerable if ...
Social media memes and motivational merchandise are everywhere nowadays in business, sports and beyond with the simple phrase: Do your job. Vervent reiterated this week that the payment servicing ...
Investors in bonds from Tricolor Holdings, a used car dealer and subprime lender that collapsed last year amid allegations of fraud, sued Wilmington Trust NA, the trustee for the securities, alleging ...
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