Navy Federal developing omnichannel platform
Navy Federal Credit Union is developing an omnichannel lending platform as credit unions and captives prioritize technology upgrades in the…
Auto stocks up 59% YoY (Big Wheels)
Auto stocks are up year over year but have struggled to find footing in 2025. The Big Wheels Stock Index…
Mixed trends surface as Fed approaches last rate move of 2023
Experts see the Federal Reserve leaving interest rates unchanged when policymakers have their last opportunity of the year to make a modification later this week. The expectation comes in part because of rising consumer sentiment, which happens to be going … [Read More]
PE software startup raises £11m
Pactio, a UK-based fintech focused on the private equity (PE) market has completed an £11m series A funding round
Open Lending partners with America First Credit Union
Open Lending announced this week it is partnering with one of the nation’s largest credit unions, America First Credit Union (AFCU), which now will offer indirect auto financing services through Open Lending’s Lenders Protection program. The companies said their alliance … [Read More]
Beige Book: Sales rise, inventories dwindle at yearend
Dealers saw auto sales rise in the latter half of November through December as resolved election uncertainty, OEM incentives and…
World super app gets more crypto payment features
World, the crypto biometric project fronted by OpenAI boss Sam Altman, has released a revamped version of its app with support for US dollar virtual accounts and a host of stabelcoins.
FTC cracks down on dealers engaged in ‘payment packing’
The Federal Trade Commission has taken action against several auto dealerships for “payment packing” on aftermarket products, as regulators continue…
G20 urged to intervene to prevent bank funding of fossil fuels
Leading economists, bankers and investors have said G20 leaders must prioritise ambitious regulation to prevent a global financial crash caused by continued financing of the fossil fuel industry.
Cox Automotive cautious of ‘doomsday’ thinking about defaults & repossessions
You’re likely not the only one with significant interest in how auto defaults and vehicle repossessions are trending. It’s why Jeremy Robb, senior director of economic and industry insights at Cox Automotive, delved into the subjects during an episode of the Manheim Market Insights Series posted online last week.
“Due to economic volatility we’re seeing in today’s financial markets, we’re getting a lot of questions around auto loan default rates and repossessions. We want to make a few things clear for our audience,” Robb said.
Robb then went into four data points that might interest finance companies of all sizes … [Read More]
Western Union to launch stablecoin
More than 150 years after introducing its money transfer service, Western Union is launching its own stablecoin.
Bitpanda gets FCA greenlight for UK expansion
European crypto platform Bitpanda has been granted approval by the Financial Conduct Authority to expand its operations in the UK.
AFP: Does the US need Faster Payments?
How much choice is too much choice? The second day of AFP in Nashville, Tennessee, saw BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s Peter Tapling and Walmart’s Sarah Arnio, take to the stage to discuss the adoption and benefits of Faster Payments and the differences between rails such as instant payments, same-day ACH, and push-to-card transactions.
VW seeks deeper cost cuts to bolster returns in tough market
Volkswagen AG is pushing for more cost reductions to better compete in a slowing market marred by a spending slump…
Camping World F&I revenue rises 16.8%
RV dealer group Camping World’s finance and insurance revenue jumped year over year in the fourth quarter as new and…