Displaying 241 - 260 of 290 in total
Weekly Wrap: Regulators step up enforcement
This week, the Consumer Financial Protection Bureau announced an uncharacteristic enforcement action against subprime lender Lobel Financial, columnist Marcie Belles p...
Weekly Wrap: Auto lenders get creative
Auto lenders continue to experience ups and downs through the COVID-19 pandemic, and it’s becoming clearer by the week what changes are in store for the industry. For ...
Weekly Wrap: Auto industry continues recovery
This week, the auto finance industry may be reaping the benefits of lenders and dealers adapting to offer digital car buying solutions during the height of the COVID-1...
Weekly Wrap: Signs point to recovery
This week, all signs point to the continued recovery of the auto finance sector as the unemployment rate dipped to 8.4% and consumers continued to make partial payment...
Weekly Wrap: Auto industry pulls back on consumer assistance
This week, the auto industry is eyeing potential increases in delinquency rates as long-term deferrals come to an end. Since the COVID-19 pandemic hit the country in M...
Weekly Wrap: digital financing, auto ABS and subprime rates
This week, the news cycle was dominated by the Democratic National Convention and former Vice President Joe Biden’s presidential nomination amid increasing jobless cla...
Weekly Wrap: Carvana, the refi market and compliance
This week, Carvana reported that it was maintaining its tighter credit underwriting policies, an emerging trend Auto Finance News first reported last week in the Feder...
Weekly Wrap: Ford Credit earnings and compliance experts on best practices
This week, Ford Motor Credit propped up Ford Motor Co.’s second-quarter performance with strong consumer loans and leases, and low delinquency rates as major banks tig...
Weekly Wrap: The tail end of Q2 earnings
This week, second-quarter earnings wrapped up on a positive note with presentations from GM Financial, Santander Consumer USA and Harley-Davidson. An Auto Finance News...
Weekly Wrap: subprime performance and captives’ market share
This week, the Auto Finance News team took a deep dive into how the pandemic is affecting subprime lenders. Auto, however, may shine bright in the coming months. Capit...
Weekly Wrap: second-quarter earnings season kicks off
This week Bank of America, Chase Auto, PNC Financial, U.S. Bank and Wells Fargo Auto all reported increases in allowances for credit losses despite a dip in delinquenc...
Fintech, CFPB complaints and vehicle values: a closer look
This week, Auto Finance News took a deep dive into the driving factors behind the goals of two fintech lenders entering the auto finance space on the heels of pandemi...
Is innovation becoming a revitalized focus in auto finance?
This week was ripe with news on the innovation front, as Ford Credit outlined the details of its new financing product, the Ford Option, and Upgrade, a personal loan f...
Weekly Wrap: Pandemic car buying, mid-June gains, and rising fraud
This week, the Auto Finance News team took a hard look at what the car buying and financing experience was like for consumers and dealers at the height of the pandemic...
Weekly Wrap: Eyes on delinquencies, incentives and a new IPO
his week, all eyes were on first-quarter delinquency rates, incentives, and Vroom's IPO.
Weekly Wrap: May sales figures hint at promising gains for the auto industry
This week, OEMs’ monthly sales figured pointed toward promising signs of recovery in the new-vehicle market, with American Honda, Mazda and Hyundai all reporting impro...
Weekly Wrap: COVID-19 pressures used market, ABS deals
This week, the potential bankruptcy news of rental car conglomerate Hertz shook the industry as the liquidation of its fleet, combined with an influx of off-lease vehi...
Weekly Wrap: GDP contraction signals recession, lenders stock up on cash
This week, news of a 4.8% contraction in the nation’s gross domestic product in the first quarter signaled a recession brought on by the economic fallout of COVID-19, ...
Weekly Wrap: Banks stock up on capital, vehicle values plummet
In the second week of first-quarter earnings season, Ally Financial reported the addition of $2.8 billion to its retail auto reserves, joining last week’s reporters, i...
Weekly Wrap: Earnings season kicks off, COVID-19 spurs increased reserves
First-quarter earnings season kicked off with JPMorgan Chase, Wells Fargo, Bank of America and Consumer Portfolio Services reporting increased loss reserves as the COV...