Subprime Credit Troubles Send Shares of Consumer Lenders Reeling

Beneath the surface of what’s been a remarkably resilient US economy, a series of small shocks in the world of consumer credit have combined to rock companies that service the most financially vulnerable Americans.

Auto lender Ally Financial Inc. tumbled 13% during a nine-day losing streak. Fintech lenders Upstart Holdings Inc. and Pagaya Technologies Ltd. sank more than 20% in the same span. Digital payments company Affirm Holdings and lender Bread Financial Holdings Inc. suffered similar fates. Even Capital One Financial Corp., one of the nation’s largest credit card issuers, lost 7%.