According to data from Fitch Ratings delinquency rates for subprime auto loans are at 5.8 percent, higher than the financial crisis; lenders have taken notice and are starting to lend less to these risky groups; the ABS market for bonds backed by auto loans will most likely stay the same as only a small percentage of loans are packaged into securities. Source.
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Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.
