For the past two years, the subprime auto market has defied expectations, but 2023 is off to a cold start. Normalization is on the horizon, but when we will get there and what it will look like when we do, remains unclear. What is normal in this moment is to ask whether the performance data is a sign of deeper trouble. And if so, will the structural protections in auto ABS continue to protect...
Joseph Cioffi was quoted in a MarketWatch article, "Why Worries Over Subprime Auto Bonds Might Be Only Getting Started."
Joseph Cioffi was quoted in an SCI article, "ABS Litigation 'Rules of Engagement' Explained."
In a recent Reuters Legal News article, Joseph Cioffi and Nicole Serratore discuss the Eleventh Circuit Hunstein case and the series of appeals which call into question debt collectors' routine practice of sharing consumer information with third-party vendors as part of collection activities.
As performance risk grows in consumer ABS, legal risks will ensue. To negotiate best terms and prepare for potential disputes, every investor and deal party should know the ways the law has been transformed by years of RMBS litigation. This new legal framework, which impacts when and how claims must be made in order to survive challenge, will ultimately determine who wins and who loses in any...
Joseph Cioffi was quoted in an SCI article, "The HEAT is on."
In a recent Reuters article, Joseph Cioffi and Nicole Serratore discuss the legal risks and share practical tips to safely get the most out of alternative data and AI when making credit assessments and collecting and using credit data. Read it here.