On February 24, American Car Center, a used car retailer which targets subprime borrowers, abruptly ceased all operations, according to media reports. The Memphis, Tennessee-based private company fired all 288 of its headquarter-based employees and closed its offices and 40 dealerships across ten U.S. states. If the immediate closure of a sizable firm late on a … Continue reading Economic Headwinds? Subprime Auto Lender Shuts Its Doors With No Warning