The Consumer Financial Protection Bureau is closely examining auto loan payments, as well as servicing practices in auto and student loans, to ensure that procedures are...
Associated Bank is targeting autos to diversify its balance sheet to include more shorter-duration loans with higher yields without sacrificing loan quality. The diversification contributed to...
Incentives have surged as the July 4 holiday approaches, with most deals centered around lower rates while cash discounts remain scarce. Spending on incentives stood at...
SAN DIEGO — Dealers are consolidating the number of lenders they work with and prioritizing lenders who invest in underwriting and lending efficiencies. Ken Garff Automotive...
While the Consumer Financial Protection Bureau’s stated reason for its latest initiative to create a consolidated registry of lender violations is to deter repeat offenders, the...
Stellantis Financial Services has significantly increased its new captive portfolio in 2023 and is focused on attracting dealers to its “true captive” financing arm. The Stellantis...
Auto asset-backed securitization volume is steadily increasing as weekly reports throughout the first half of 2024 continue to exceed year-to-date volume reported in 2023. Auto asset-backed...
The overall performance of the auto finance industry has been relatively stable over the past two months. Auto Finance News’ proprietary Auto Finance Composite Index reached...
Bank of America is investing in simplifying the refinance application process and expanding prequalification options as the lender works to improve the customer experience. The bank...
Venture capitalists injected $1 billion in capital into auto fintechs through May, nearly double last year’s pace of investment, according to an Auto Finance News analysis...
