Conversations on consumer credit, securitization, and the broader macroeconomic landscape.
John Costa spent 40 years in consumer credit and securitization — from E.F. Hutton and the first timeshare ABS deal to building Merrick Bank at CardWorks. In this episode, he walks through the innovations that worked, the one that didn't survive 2008, and the bank-charter decision every fintech faces today.
In Episode 29 of Consumer Credit Matters, host William Black sits down with Charlie O'Shea (President, O'Shea Advisors and the analyst who first called Carvana the "Amazon of auto retail") to unpack Carvana's push into franchised Chrysler, Dodge, Jeep, and Ram (CDJR) stores — and what it means for the company's credit and securitization profile.
In this episode of Consumer Credit Matters, industry veteran Bonnie Seideman walks through how the modern consumer ABS market got built, what she saw before the Great Financial Crisis broke it, and what actually got fixed afterward.
In February 2026, Ledn launched a groundbreaking $200 million Bitcoin-collateralized loan ABS, rated BBB- by S&P Global — the first investment-grade rating ever assigned to a Bitcoin-backed securitization. Then, during pricing, Bitcoin dropped nearly 30%. The structural safeguards held.
Brian Terr, who heads JD Power's Inventory Data Sales unit, joins Consumer Credit Matters to unpack how dealer inventory data intersects with auto finance, floorplan lending, and collateral accuracy.
In this episode, host Will Black goes inside the collector side of the business with John Bedard (Bedard Law Group), who advises debt collectors, debt buyers, and creditors on compliance, regulation, and litigation risk.
Mortgage credit scoring is entering a new competitive phase — raising practical questions for market participants. In this episode, VantageScore leaders, Rikard Bandebo and Tony Hutchinson, break down what's changing, why it matters, and what to watch next.
Using earnings from Target, Walmart, and other big-box retailers as a lens, William Black and Charlie analyze what's actually happening with consumer spending right now. The discussion focuses on margin pressure, inventory strategy, and early signals for the holiday season and consumer credit.
William Black and Emily Barron break down how crypto-backed lending works, why real-time servicing matters, and what new regulation and stablecoin infrastructure mean for lenders and securitization markets.
William Black speaks with Vervent CEO David Johnson and CLO Derek Gamble about stepping in as successor servicer after Tricolor's sudden Chapter 7 filing — and what it means for data integrity, cash flow, and auto ABS risk.
William Black sits down with Sid Siddhartha (CEO, Intain) to discuss how AI and blockchain could help prevent issues like the alleged double-pledging at Tricolor Auto.
William Black speaks with Rod Dubitsky ("The People's Economist") about the recent Chapter 7 bankruptcy of Tricolor Auto Group, a mission-driven subprime auto lender.