Consumer ABS Late Payments Jump in Securitized Subprime Auto Loans Published September 2, 2015 5:45 PM | Updated September 2, 2015 5:45 PM 1:59 Facebook Twitter LinkedIn Email The share of subprime borrowers who are late with their payments has gone up in deals that bundle auto loans. The reason? Weaker credit, and, more interestingly, regulatory scrutiny.