Displaying 81 - 100 of 289 in total
'On the Job' with Axos Bank's Anthony Capizzano
When Anthony Capizzano, senior vice president, head of consumer lending at Axos Bank, returned from the U.S. Marine Corps in 1997, he was interested in two jobs: selli...
Weekly Wrap discussion on delinquencies, captive market share
Delinquencies and net losses in the prime and subprime auto asset-backed securities market continued to increase in September, while captive market share of total auto...
Weekly Wrap discussion Toyota CFPB oversight, subprime credit tightening
The Consumer Financial Protection Bureau continued to focus on the sale of ancillary products to consumers, fining Toyota Motor Credit Corp. $60 million for violations...
Weekly Wrap discussion on subprime market
Higher interest rates are just one challenge facing consumers and affecting their ability to make their car payments. Auto lenders are tightening credit and the whole...
Weekly Wrap on subprime financing, affordability
Affordability, credit performance, cost of funds and regulatory compliance are top of mind for subprime auto lenders as inflationary pressures further squeeze consumer...
Weekly Wrap on Auto Finance Summit 2023
Auto lenders homed in on subprime financing, liquidity management, technology and vehicle pricing last week during Auto Finance Summit 2023.
Weekly Wrap on earnings, subprime ABS
Third-quarter earnings season continued last week with Ally Financial, Bank of America, Citizens, Fifth Third, Huntington Bank, Truist and U.S. Bank all reporting. In ...
Weekly Wrap on start of Q3 earnings
Chase Auto, PNC Financial and Wells Fargo kicked off third-quarter earnings season last week with mixed results, while consumer credit availability improved in Septemb...
Weekly Wrap on used vehicles, fraud, capital markets
Credit unions have tapped into the auto asset-backed securities market to raise capital amid liquidity concerns, while used-vehicle values inched up sequentially in Se...
Weekly Wrap on Q3 sales, UAW strike, EVs
Third-quarter new vehicle sales are forecast to finish higher year over year after a strong September while the United Auto Workers strike against Ford Motor Co., Gene...
Weekly Wrap on market share, interest rates, Carvana
Rising interest rates have prompted shifts in market share and affordability concerns across the auto finance industry, while several auto lenders issued auto asset-ba...
Weekly Wrap on BMO indirect exit, RV values
The indirect auto lending landscape continues to shift as BMO Financial Group exited indirect auto lending Friday following layoffs while the UAW went on strike agains...
Weekly Wrap discussion on Carvana ABS, floorplan shakeup
The floorplan financing landscape is changing as inventory improves and dealerships consolidate in the face of elevated interest rates and pent-up demand. In this epis...
‘On the Job’ with FreedomRoad Financial EVP and Managing Director Tom Collins
In this episode of “On the Job,” Tom Collins, executive vice president and managing director of FreedomRoad Financial speaks with AFN Senior Associate Editor Riley Wol...
Weekly Wrap discussion on rising delinquencies, dealer consolidation
Late-stage delinquencies were on the rise in the second quarter as the Federal Reserve’s hawkish monetary policy continued to affect the auto finance industry. In this...
Weekly Wrap discussion on auto ABS market, powersports
Banks continued to tap the auto asset-backed securitization market last week to offload consumer debt amid shrinking deposits. In this episode of the “Weekly Wrap,” Se...
Weekly Wrap discussion on captives, credit access
Vehicle affordability and credit access improved in July in a positive sign for the auto finance industry following months of credit tightening as captive’s reclaimed ...
Weekly Wrap discussion on EV earnings, CFPB
Electric vehicle OEMs last week posted mixed production volume as inventory continues to improve. In this episode of the “Weekly Wrap,” Editor Joey Pizzolato, Deputy ...
Weekly Wrap discussion on subprime earnings
Subprime auto lenders posted mixed second-quarter earnings last week as credit tightened amid ongoing interest rate increases. In this episode of the “Weekly Wrap,” Ed...
Weekly Wrap discussion on captive earnings
Captives’ second quarter earnings were mixed as rising interest rates push down origination volume and lenders pull back.