Ford to delay price increases to see how rivals react to tariffs
Ford Motor Co. won’t increase the price of its vehicles until it sees how competing carmakers respond to higher costs…
2025 Loss Mitigation Executive of the Year: Craig Paterson of GM Financial
Auto loans and retail installment contracts are often referred to by industry executives as paper. When Craig Paterson began his career in automotive, many of the tasks he had to complete were done on paper, too. Much has changed in … [Read More]
NCino files for IPO
Cloud-based core banking vendor nCino has filed with the US Securities and Exchange Commission for an initial public offering.
Porsche ABS deal reveals changes in luxury market (Under the Hood)
Porsche Financial Services‘ latest loan securitization was its smallest since the captive reentered the ABS market in 2023, yet the…
Nowlake partners with Salient to use generative AI
Nowlake, the fintech division of Westlake Technology Holdings and underpinning for the finance company, finalized a partnership this week with Salient to bring generative artificial intelligence to its customer offerings. An expert in voice technology, Salient said its solution was … [Read More]
Marine dealer retail sales decline to 2013 levels
Dealer sentiment and marine sales largely fell in August as market uncertainty and high costs kept consumers away. The Marine…
PayPal releases new mobile SDK; kicks off $100,000 global hackathon
PayPal has launched a mobile software development kit for streamlining in-app payments for iOS as it bids to play catch-up with a host of developer friendly start-ups such as Dwolla and Stripe.
US regulators must take reins on fintech oversight – bank associations
US financial services regulators should take the reins on fintech oversight and stop expecting banks to independently police the sector, say the Bank Policy Institute and the Clearing House Association.
Banks and technology firms unite to test corporate digital IDs
The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.
Feedzai hits $2bn valuation
AI-based financial crime detection platform Feedzai has hit a $2 billion valuation off the back of a $75 million funding round.
Plaid publishes response to CFPB’s personal data right proposal
Plaid has released a series of recommendations to the Consumer Financial Protection Bureau (CFPB) in response to the Bureau’s call for stakeholder feedback on its strong consumer financial data rights proposal.
FTC lawsuit results in lifetime ban for operators of ‘extended vehicle warranty scam’
The Federal Trade Commission said Friday that operators of a “telemarketing scam” that called hundreds of thousands of consumers nationwide to pitch them expensive “extended automobile warranties” will face a lifetime ban from the extended automobile warranty industry and from … [Read More]
Zepz launches stablecoin-linked Visa cards
Payment provider Zepz has teamed up with stablecoin infrastructure company Bridge to offer stablecoin-linked Visa cards to its Sendwave Wallets customers.
Big Q1 sales may be coming in 2026 (Off the Lot)
During a year of challenges, including stubbornly higher-than-anticipated interest rates, inflation, fluctuations in vehicle market values and on-and-off tariff taxes…
S&P Global Ratings projects second straight year of record auto securitizations
S&P Global Ratings is projecting the auto securitization market to grow this year after setting a record in 2023. Analysts explained this week that pent-up demand for vehicles drove new-car sales 13% higher year-over-year to 15.5 million units in 2023, … [Read More]