Cityscape Financial Corp. has quit the subprime auto business even before getting started.

On Monday the Elmsford, N.Y., subprime mortgage lender sold its stake in a start-up subprime auto lender that has yet to book any significant loan volume.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.