: Subprime auto lender Honor Finance set up ‘house of cards’ debt deal that was ‘doomed to fail,’ SEC claims

Five years ago, Honor Finance sold a $100 million subprime auto bond deal to investors the SEC claims was ‘secretly stuffed’ with ‘bad loans’ that executives disguised to look better than they were.

Five years ago, Honor Finance sold a $100 million subprime auto bond deal to investors the SEC claims was ‘secretly stuffed’ with ‘bad loans’ that executives disguised to look better than they were.