Trump fires CFPB director Chopra
President Donald Trump has fired Consumer Financial Protection Bureau director Rohit Chopra.
GM Financial preps Cadillac Financial Services launch in Canada
GM Financial is gearing up to bring its luxury label to Canada. The captive is looking to take Cadillac Financial…
US Elections: Stand With Crypto forms committee to support pro-crypto candidates
Nonprofit pro-cryptocurrency group Stand With Crypto has formed a political action committee (PAC) to support candidates who are encouraging of cryptocurrency and blockchain developments in the upcoming US elections.
Sibos: Panel calls on regulators to define minimum level of fraud data sharing
Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.
Lloyds’ customers deposit over £1 million at PayPoint stores in first month
Customers of Lloyds bank have deposited over £1 million with PayPoint’s BankLocal service within a month of the app-based cash deposit feature going live.
Citi reports growing convergence of traditional and digital assets
The move to shorter settlement cycles and increasing regulatory clarity is leading to an accelerating convergence between traditional and digital assets, reports Citi.
Credit Acceptance Corp. originations climb 17.7%
Subprime financier Credit Acceptance Corp.’s origination volume posted double-digit growth year over year in the third quarter. Credit Acceptance Corp….
Lower prices, rising repo costs contribute to falling recoveries
Securitized auto loan recoveries aren’t likely to improve in the coming months as used-vehicle values decline and repossession costs rise….
Two-thirds of banking sector AI research driven by five banks
JPMorgan Chase is responsible for more than a third of all banking sector AI research, according to data from benchmarking and intelligence platform Evident.
Former JPMorgan leadership team launches wealth management platform
Vestrata, a wealth management technology startup led by former executives from JPMorgan and other global financial institutions, is to launch after completing a $4 million investment round.
Informativ launches credit & compliance solution
Last week, Informativ announced a new, complete, and proactive credit and compliance offering. The service provider that includes Credit Bureau Connection (CBC), Dealer Safeguard Solutions and CreditDriver said this revamped solution brings together innovative, mobile-first consumer credit prequalification and lead … [Read More]
Podcast: Wildfires spark deferral offers; funding off to strong 2025
Wildfires impacting large areas of California are contributing to higher auto insurance costs in the state and more deferral offerings…
Bitwise launches active crypto fund
The world’s largest crypto index fund manager, US-based Bitwise, is expanding from passive to active management in an effort to attract more institutional investors.
TurboPass adds 2 new board members
TurboPass announced the appointment of two new members to its board of directors this week. Now part of the leadership structure for the fintech firm that helps dealerships and finance companies during the underwriting process are Mark Vazquez, who is … [Read More]
American car, made in Korea: Why GM gets roiled by tariffs
Long gone are the days when an imported car meant a foreign car. And no company proves the point more…