Smaller Subprime Auto Lenders Are Folding as Losses Pile Up

Years of loose lending have resulted in growing numbers of subprime borrowers falling behind on their bills.

By Claire Boston | April 06, 2018 at 11:00 AM

Growing numbers of small subprime auto lenders are closing or shutting down after loan losses and slim margins spur banks and private equity owners to cut off funding.

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Growth Strategies

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2 Professionals Step Into New Roles at Metro CU, Navigant CU & Corporate One

3 Sentence Handed Down in Bayer Heritage FCU Theft

4 Loan Portfolios Shrink for Third Month in a Row

5 North Carolina's Coastal Credit Union Surpasses $5 Billion in Assets

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American Heritage CU to Acquire Assets, Membership of 3 N.J. Bank Branches

By Michael Ogden | May 10, 2024

The deal allows the credit union to take over the former Liberty Bell Bank branches.

American Heritage CU to Acquire Assets, Membership of 3 N.J. Bank Branches

North Carolina's Coastal Credit Union Surpasses $5 Billion in Assets

By Peter Strozniak | May 09, 2024

CEO Tyler Grodi sets a goal to grow the financial cooperative's assets to $10 billion.

North Carolina's Coastal Credit Union Surpasses $5 Billion in Assets

ORNL Federal Credit Union & Lowland CU Merge

By Michael Ogden | May 09, 2024

The new merger creates a nearly $4 billion credit union in Tennessee.

ORNL Federal Credit Union & Lowland CU Merge

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