SAN DIEGO — After a year of testing and development, LEAP Auto Loans revealed a new program that allows the company to work with lenders to mitigate their losses on defaulted auto loans and allow ...

Behind the rapid growth were claims prosecutors say didn’t add up.

In 2025, auto loan debt in the U.S. has ballooned to a staggering $1.6 trillion. Subprime lenders (those who offer high-interest loans to borrowers with poor credit) are now facing a wave of ...

On October 22, 2025, the U.S. auto lending industry was rocked when PrimaLend Capital Partners, a major subprime lender based in Plano, Texas, filed for Chapter 11 bankruptcy. The collapse of ...

HOUSTON — A Texas-based auto dealer and lender that once billed itself as a financial lifeline for underserved buyers is now bankrupt, leaving thousands of customers with unanswered questions.

The potential pool of customers who recently filed for bankruptcy and likely can’t get auto financing elsewhere continues to grow for buy-here, pay-here dealers. According to data provided by Epiq ...

Tricolor Auto Holdings, a Dallas-based chain of used-car dealerships and a major subprime auto lender, has filed for Chapter 7 bankruptcy and will liquidate its assets, ending operations that once ...

The Consumer Financial Protection Bureau wants to cut oversight of auto lenders — particularly those serving subprime borrowers — at a time when auto loan delinquencies are hitting new highs.