Core Viewpoint - Consumer Portfolio Services, Inc. has successfully closed its first term securitization in 2026, marking its 58th senior subordinate securitization since 2011 and the 41st consecutive securitization to receive a triple "A" rating from at least two rating agencies for the senior class of notes [1]. Group 1: Transaction Details - The securitization involved the sale of $345.61 million in asset-backed notes, secured by $352.66 million in automobile receivables originated by the company [2]. - The notes were issued by CPS Auto Receivables Trust 2026-A and consist of five classes, with ratings provided by Standard & Poor's and DBRS Morningstar based on transaction structure and historical performance [2]. - The weighted average coupon on the notes is approximately 5.18% [3]. Group 2: Note Class Breakdown - Class A notes amount to $155.520 million with an interest rate of 4.19% and a rating of AAA from both S&P and DBRS [3]. - Class B notes total $47.790 million with an interest rate of 4.43% and a rating of AA from both agencies [3]. - Class C notes are $58.360 million with an interest rate of 4.63% and a rating of A [3]. - Class D notes amount to $38.440 million with an interest rate of 4.98% and a rating of BBB [3]. - Class E notes total $45.500 million with an interest rate of 6.66% and a rating of BB from DBRS [3]. Group 3: Credit Enhancement and Payment Structure - The transaction features initial credit enhancement consisting of a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 2.00% [4]. - Agreements require accelerated principal payments to achieve overcollateralization of the lesser of 7.30% of the original receivable pool balance or 18.00% of the outstanding pool balance [4]. Group 4: Company Overview - Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories [6]. - The company purchases retail installment sales contracts primarily from franchised automobile dealerships, funding these purchases mainly through securitization markets [6].

Authored by Rob Sabo via The Epoch Times,The former CEO and chief operating officer of subprime auto dealer and financier Tricolor Holdings were formally charged on Dec. 16 with bank and wire fraud for their alleged roles in what officials say was a years-long scheme to defraud banks and private credit lenders of hundreds of millions of dollars.Tricolor founder Daniel Chu and David Goodgame were indicted in federal court in Manhattan for multiple financial schemes that started in 2018 and include double-ple ...

Core Insights - Consumer Portfolio Services, Inc. (CPS) successfully closed its fourth term securitization in 2025, marking its 57th senior subordinate securitization since 2011 and the 40th consecutive securitization to receive a triple "A" rating from at least two rating agencies on the senior class of notes [1][2]. Transaction Details - The securitization involved the sale of $384.6 million in asset-backed notes, secured by $392.46 million in automobile receivables originated by CPS [2]. - The notes were issued by CPS Auto Receivables Trust 2025-D and consist of five classes, with ratings provided by Standard & Poor's and DBRS Morningstar based on transaction structure and historical performance [2]. Note Class Breakdown - The transaction includes the following note classes: - Class A: $170.910 million, 4.46% interest rate, 0.66 years average life, AAA rating [3] - Class B: $52.200 million, 4.48% interest rate, 1.72 years average life, AA rating [3] - Class C: $64.950 million, 4.85% interest rate, 2.40 years average life, A rating [3] - Class D: $43.170 million, 5.45% interest rate, 3.23 years average life, BBB rating [3] - Class E: $53.370 million, 7.69% interest rate, 4.04 years average life, NR rating [3] - The weighted average coupon on the notes is approximately 5.72% [3]. Credit Enhancement - The 2025-D transaction features initial credit enhancement, including a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 2.00% [4]. - The agreements require accelerated principal payments to achieve overcollateralization of the lesser of 7.00% of the original receivable pool balance or 21.00% of the outstanding pool balance [4]. Company Overview - Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit issues or limited credit histories [6]. - The company purchases retail installment sales contracts primarily from franchised automobile dealerships, funding these purchases mainly through securitization markets [6].

Core Viewpoint - PrimaLend Capital Partners has filed for bankruptcy after struggling with missed interest payments, highlighting stress in the sector catering to low-income consumers [1] Group 1: Company Overview - PrimaLend, based in Plano, Texas, provides financing to auto dealerships focused on subprime borrowers and is pursuing a sale of the business in bankruptcy court while continuing to service loans [2] - The company has been operational since 2007 and markets itself as a lender that approves credit when others do not [7] Group 2: Financial Situation - PrimaLend's estimated assets and liabilities are both below $500 million, as per court documents filed in the Northern District of Texas [6] - The company has received commitments for bankruptcy financing from existing lenders, indicating some level of support during the bankruptcy process [2][6] Group 3: Industry Context - The bankruptcy follows the recent collapse of Tricolor Holdings, a "buy here, pay here" dealership, and reflects a broader trend of lower-income Americans defaulting on car loans at the highest rate in decades [3] - Industry experts warn that lenders must exercise caution, as the current environment shows signs of increased risk and potential hidden troubles after years of easy credit [4][5] Group 4: Expert Commentary - Donald Clarke, president of Asset Based Lending Consultants, emphasizes the need for lenders to conduct thorough due diligence and be vigilant about financial statements from borrowers [4][5] - Jamie Dimon, CEO of JPMorgan Chase, cautions that the presence of one bankruptcy may indicate more underlying issues within the credit market [5]

Core Insights - The article discusses new regulations from the FTC aimed at increasing transparency in car sales, effective July 30, 2024, which prohibit dealerships from making misrepresentations about pricing and charging for non-beneficial add-ons [4][16] - A survey indicates a significant lack of trust among Americans towards car dealerships, with 76% expressing distrust regarding pricing and 84% stating a lack of price transparency [2][3] - The incident involving a car salesperson's TikTok video highlights ongoing issues in the industry, where consumers often pay significantly more than the sticker price due to deceptive sales tactics [4][13] Regulation and Consumer Protection - The FTC's new rule aims to combat auto retail scams by enforcing clear pricing and prohibiting misleading add-on charges [4][16] - These regulations are designed to protect consumers, although their effectiveness may be limited [4] Consumer Trust and Industry Reputation - A 2024 survey by KPA reveals that 76% of Americans do not trust car dealerships regarding pricing, and 84% believe there is a lack of price transparency [2] - The Consumer Federation of America's survey indicates that auto sales and repair services received the highest number of complaints from consumers in 2022 [3] Sales Tactics and Consumer Awareness - Common deceptive practices in car sales include "yo-yo financing," where dealers claim financing fell through, leaving buyers with higher-cost loans [2] - The article emphasizes the importance of consumer education and research before purchasing a vehicle to avoid falling victim to these tactics [5][13] Case Study: Kenny Rua Incident - The TikTok video posted by Kenny Rua, where he jokingly claimed to sell a car for $10,000 over its sticker price, sparked backlash and led to his termination from Ziegler Honda of Racine [3][4] - This incident underscores the broader issue of consumer exploitation in the car sales industry, resonating with many buyers who have experienced similar situations [13]

Core Points - Krystal Roberts has been awarded the 2025 Ally Sees Her Award for her significant achievements as a woman of color in the automotive retail industry [1][2] - Roberts has been with Advantage Auto Group for over 22 years and has served as Executive Manager for eight years, leading Advantage Chevrolet to become one of the top dealerships in the Chicago and Northwest Indiana area [3][4] - Under her leadership, Advantage Chevrolet's sales have increased by 20%, selling approximately 2,200 new and used vehicles annually [4] - Roberts has implemented employee benefits such as extended lunch breaks and paid health club memberships, increasing female representation in the workforce to 25% over the past five years [5] - Ally Financial is donating $10,000 to the United Negro College Fund (UNCF) Chicago in celebration of Roberts' leadership and community involvement [7] - Roberts holds an MBA from DePaul University and is the first female chair of the General Motors Commercial Dealer Advisory Board [8] Company Overview - Ally Financial Inc. is a financial services company known for its all-digital bank and industry-leading auto financing business, focusing on customer and community support [9]

Group 1 - Consumer Portfolio Services, Inc. (CPS) announced the closing of its third term securitization in 2025, marking its 56th senior subordinate securitization since 2011 and the 39th consecutive securitization to receive a triple "A" rating from at least two rating agencies on the senior class of notes [1][2] - The transaction involved qualified institutional buyers purchasing $418.33 million of asset-backed notes secured by $433.50 million in automobile receivables originated by CPS, issued by CPS Auto Receivables Trust 2025-C [2] - The securitization notes consist of five classes with varying amounts, interest rates, and ratings, with a weighted average coupon of approximately 5.43% [3] Group 2 - The 2025-C transaction features initial credit enhancement including a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 3.50%, with agreements requiring accelerated principal payments to achieve specified overcollateralization levels [4] - CPS is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories, primarily funding contract purchases through securitization markets [6]

Core Points - Ally Financial Inc. is set to release its second quarter financial results on July 18, 2025, at approximately 7:30 a.m. ET [1] - A conference call will be held at 9 a.m. ET to discuss the company's performance, available via webcast or dial-in [2] - Registration for the conference call is required at least 15 minutes prior to the start [3] - A replay of the conference call will be accessible via webcast on Ally's Investor Relations website [4] Company Overview - Ally Financial Inc. operates as a financial services company with the largest all-digital bank in the nation and a leading auto financing business [5] - The company provides a range of services including deposits, securities brokerage, investment advisory, auto financing, and insurance offerings [5] - Ally also has a corporate finance division that offers capital for equity sponsors and middle-market companies [5]

Core Insights - Synchrony Financial has renewed and extended its partnership with Discount Tire, allowing customers to finance tire and auto-related purchases at over 1,200 retail stores and more than a million locations within the Car Care network nationwide [1][2]. Group 1: Partnership Significance - The extension of the partnership reinforces Synchrony's position in the auto financing space, catering to consumers seeking flexible financing options as vehicle ownership costs rise [2]. - This collaboration enhances customer loyalty for both companies by improving convenience and affordability for big-ticket purchases like tires [3]. Group 2: Financial Implications - The partnership is expected to increase Synchrony's loan volume and interest earnings, particularly as deferred interest promotions convert [3]. - Retaining Discount Tire as a key partner helps maintain consistent revenue streams and reduces churn risk, with the card accepted at over a million locations [4]. Group 3: Recent Performance Metrics - Synchrony's first-quarter results showed weaknesses, with total loan receivables at $99.6 billion, down 2% year over year, and purchase volume falling 4% to $40.7 billion [5]. - Average active accounts decreased by 3% to 69.3 million [5]. Group 4: Stock Performance - Synchrony shares have gained 31.5% over the past year, outperforming the industry's 8.2% rise [6].

Group 1 - The core announcement is about Consumer Portfolio Services, Inc. closing its second term securitization in 2025, marking its 55th senior subordinate securitization since 2011 and the 38th consecutive securitization to receive a triple "A" rating from at least two rating agencies on the senior class of notes [1][2] - The securitization involved the sale of $419.95 million in asset-backed notes secured by $439.29 million in automobile receivables, with the notes issued by CPS Auto Receivables Trust 2025-B [2] - The transaction consists of five classes of notes with varying interest rates and ratings, with a weighted average coupon of approximately 5.96% [3] Group 2 - Initial credit enhancement for the 2025-B transaction includes a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 4.40%, with agreements requiring accelerated principal payments to achieve specified overcollateralization levels [4] - Consumer Portfolio Services, Inc. specializes in providing indirect automobile financing to individuals with past credit issues or limited credit histories, primarily funding through securitization markets [6]