Student debt could raise losses across securitized auto loans
Credit performance across securitized auto loans worsened year over year in May but improved month over month, with the impact…
KBRA & DBRS Morningstar offer latest views of auto ABS performance
During the same week as S&P/Experian Consumer Credit Default Indices noted the December auto reading, the newest analysis Kroll Bond Rating Agency (KBRA) revealed more performance softening based on data from the securitization market. KBRA said December remittance reports showed … [Read More]
The electric car transition unravels slowly, then all at once
The global transition to electric vehicles is beginning to unravel the way major changeovers often do: slowly at first, then…
Bank of America originations rise 11.5% year over year
Bank of America’s auto originations rose in the fourth quarter as the bank eyes further growth in 2025. Originations increased…
Auto ABS issuances drop 37.2% YoY in May
As spreads widen and asset-backed securitization issuance declines, lenders are looking to long-term partners and funding diversification. Auto issuances dropped…
Bank of America’s auto originations jump 26%
Bank of America’s auto originations climbed in the second quarter as the bank eyes strategic growth across its three business…
YASSI unveils RapidRepo to smooth title work
On Monday, YASSI announced the launch of RapidRepo, a national portal designed to dramatically speed up the title process for finance companies during the repossession process. YASSI highlighted that RapidRepo addresses costly industry challenges, including storage fees, insurance costs, depreciation … [Read More]
Off-road motorcycle finance penetration at 59%
More than half of off-road adventure motorcycles were financed in 2023, new data shows. The finance penetration rate for off-road…
October auto defaults make second-highest rise of 2022
Auto defaults made the second-highest sequential jump so far this year in October, according to the S&P/Experian Consumer Credit Default Indices. S&P Dow Jones Indices and Experian reported that data through October showed the auto reading at 0.77%, which was … [Read More]
BIS explores use of data, tech and collaboration to combat money laundering
Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.
Nubank buys Hyperplane to push AI-first strategy
Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.
Deutsche Bank creates ESG centre in Singapore
Deutsche Bank is setting up an environmental, social and governance (ESG) centre of excellence in Singapore.
Alibaba backtracks on cloud division split amid global uncertainties
Alibaba Group has cancelled its plans to spin-off its cloud division due to uncertainties from US exports on AI chips.
4 banking associations & 3 business groups unite to sue CFPB
The banking industry basically told the Consumer Financial Protection Bureau: “We’ll see you in court.” Four banking associations, plus the U.S. Chamber of Commerce and two other business-driven organizations in the Lone Star State, filed a lawsuit in the Eastern … [Read More]
FTC begins refund processing from Vroom settlement
Vroom settled charges with the Federal Trade Commission in July that the former online used-car retailer failed to follow the Mail, Internet, and Telephone Order Rule, the Pre-Sale Availability Rule, and the Used Car Rule. Last week, the FTC said … [Read More]