Big Wheels: Expected losses rise in PenFed’s first auto ABS deal in two years
Losses across Pentagon Federal Credit Union’s first auto securities issuance in two years are projected higher compared with the lender’s…
Wells Fargo ends 2022 CFPB consent order
Wells Fargo has ended a 2022 consent order with the Consumer Financial Protection Bureau that targeted the bank’s practices related…
MPs launch excoriating attack on the FCA
An All Party Parliamentary Group (APGG) of UK MPs have branded the FCA as ‘incompetent at best, dishonest at worst’, in a hard-hitting report that calls for wholesale reforms at the financial watchdog.
DWS embarks on $2 billion sale of data centre business
Deutsche Bank’s asset management division, DWS, is reputed to be preparing to divest its data centre operations, NorthC in a sale expected to exceed €2 billion
Sibos 2025: Cybersecurity, AI and quantum dominate industry panel
At Sibos 2025 in Frankfurt, experts spanning multinational banks and fintechs explored the emergence of sophisticated cyberthreats. Bad actors are utilising AI, quantum, and machine learning to level up their attacks, but can financial institutions fight fire with fire? The panel ‘Navigating the intersection of technology and financial security’ explored how disruptive technologies will impact the fraud landscape.
DriveItAway secures $2M credit line for more growth in EV space
DriveItAway Holdings now has more resources to continue its mission to help consumers who might have soft credit histories and financial resources — or general apprehension about electric vehicles — get into EVs. On Friday, the company that offers “micro-lease … [Read More]
Shawbrook embarks on digital recruitment drive
UK specialist lender Shawbrook Bank is set to hire 100 tech workers as it looks to beef up its digital capabilities.
EV tax credit changes prompt leasing uptick
Electric vehicle leasing is gaining traction as manufacturers offer incentives and federal tax credit rules become more stringent. The…
Starling warns of rise in voice cloning scams
Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research from Starling Bank.
Glenview Finance rolls out eContracting platform
Glenview Finance’s Credit Builder subprime financing platform recently debuted its new eContracting system. The company said it’s a comprehensive solution that can have deals funded in less than an hour. Glenview Finance sees this new system as dramatically improving the … [Read More]
AutoPayPlus names agent advisory council for 2022-23
AutoPayPlus selected five experienced automotive agents to serve on its 2022-23 agent advisory council. The group recently convened to discuss the market challenges dealerships will face in the coming year and learn more about how AutoPayPlus can support agents in … [Read More]
All quiet on the auto ABS front
The auto asset-backed securities market has been chugging through the first four months of the year in a welcome reprieve…
Ex-chancellor’s crypto firm served sushi off half-naked models
Guests at a party hosted by a cryptocurrency firm chaired by former UK chancellor Philip Hammond were served sushi off the bodies of half-naked models.
TrueLayer opens Australia office
UK data sharing outfit TrueLayer is to open an office in Australia as it seeks to take advantage of the country’s forthcoming move to Open Banking.
Japan’s ZDF hawks cloud banking system
Japan’s Zerobank Design Factory (ZDF) is set to start offering the cloud-based banking system it developed for sister company Minna Bank to the wider market.