Michael Tannenbaum, CEO of Figure (NASDAQ:FIGR), has recently noted that Tricolor bankruptcy made headlines and for “good reason.” The Texas-headquartered auto lender had allegedly “double-pledged” hundreds of millions of dollars in car loans to various banks like JPMorgan and Fifth Third. What appeared to be a liquidity issue actually turned out to be “something far worse: a data integrity problem.”Michael Tannenbaum of Figure explained in a blog post the system “couldn’t tell who actually owned what.”He p ...