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Longer term auto loans gain traction again

The percentage of outstanding auto loans with initial terms of longer than 96 months is on the rise again as…

Experian: Credit unions now pace all auto financing

Experian made the official declaration on Thursday. In the fourth quarter of 2022, credit unions held the largest percentage of the vehicle finance market for the first time. According to Experian’s State of the Automotive Finance Market Report: Q4 2022, … [Read More]

Visa launches stablecoin advisory practice

Visa has launched a stablecoins advisory practice to provide insights and recommendations to guide banks, fintechs, merchants, and businesses in Europe on market fit, strategy, and implementation.

Tesla lease penetration falls under 2% as sales decline

Tesla’s lease penetration declined in the second quarter in tandem with a drop in sales and production. The EV maker…

Cox Automotive examines how current labor market could influence next interest-rate decision

The next opportunity for the Federal Reserve to modify interest rates arrives next Wednesday. Cox Automotive chief economist Jonathan Smoke recapped some of the most important information policymakers likely might consider when deciding whether or not to lift rates again, … [Read More]

Delivering GAP Refunds Efficiently & Compliantly

Does your GAP (Guaranteed Asset Protection) refund process need an overhaul? In recent years, the scrutiny surrounding GAP refunds has…

Fiserv to acquire AIB Merchant Services

Founded in 2007 as a joint venture between AIB and Fiserv, AIB Merchant Services (AIBMS) is one of Ireland’s largest payment solution providers and one of Europe’s largest e-commerce acquirers, providing businesses with the ability to accept card payments from their customers.

Barclaycard partners with SAP to simplify corporate payments

Barclaycard Commercial Payments is integrating its business-to-business product, Precisionpay, into SAP Ariba, a B2B marketplace.

Insurers back private credit, compete with banks

Insurance companies are investing in auto finance amid an abundance of capital and an interest in private credit investment but…

Spain blocks Sam Altman’s Worldcoin venture

Sam Altman’s cryptocurrency outfit Worldcoin has been told by Spain to stop collecting and using people’s personal data.

2025 Non-Prime Automotive Financing Industry Survey is ‘more than just numbers’

Produced through a joint effort by the National Automotive Finance Association and the American Financial Services Association, officials said the annual Non-Prime Automotive Financing Industry Survey contains “more than just numbers.” Now available complimentary for participants and for purchase by … [Read More]