Recent Updates — CPSS
Consumer Portfolio Services, Inc. completed its largest-ever securitization on July 22, 2026, through the issuance of $716.88 million in asset-backed notes by CPS Auto Receivables Trust 2026-C. The notes are secured by approximately $734.51 million of subprime automotive receivables. The transaction consists of five classes of notes with interest rates ranging from 4.52% for Class A to 7.65% for Class E, featuring a weighted average coupon of approximately 5.90%. Credit enhancement includes a 1.00% cash reserve account and 2.40% over-collateralization. The company acts as the servicer for the receivables. Consumer Portfolio Services, Inc. is a specialty finance company that provides indirect automobile financing to individuals with limited or impaired credit histories.
Consumer Portfolio Services, Inc. amended and renewed its revolving credit agreement with Citibank, N.A. as agent, increasing the facility capacity from $335 million to a maximum of $508 million. The facility is secured by automobile receivables and has a funding termination date of July 17, 2028. Consumer Portfolio Services, Inc. operates in the financial services industry, providing consumer financing solutions through automobile receivables management.