Auto lender's bankruptcy sets off scramble after alleged fraud
American Banker·2025-09-17 19:39
A Tricolor dealership in Houston on Sept. 11, 2025. Tricolor Holdings, a used car seller and subprime lender that focuses on undocumented immigrants in the Southwest, filed to liquidate in bankruptcy.Mark Felix/Bloomberg In the wake of the sudden collapse of subprime auto lender Tricolor Holdings, creditors across the US are scrambling to stake their claim on the company's remaining assets and contain their losses.In Dallas, the regional bank Triumph Financial Inc. has dispatched teams of employees to use ...