A major subprime auto lender just went belly up. It won’t be like subprime mortgage lenders sparking the Great Recession

The company filed for bankruptcy on Wednesday. Most companies that file for bankruptcy intend to stay in business. But Tricolor does not – it plans to liquidate. Tricolor has not been available for comment. Tricolor’s failure is bad news for buyers who depend on such lenders, often undocumented imm...

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