US core CPI picks up on services; goods more subdued
Underlying US inflation accelerated in July though the cost of tariff-exposed goods didn’t rise as much as feared, boosting expectations…
FTC amends Safeguards Rule pertaining to data breach reporting
Dealerships, finance companies and other service providers connected to automotive had to begin compliance with the Safeguards Rule in June. On Friday, the Federal Trade Commission approved an amendment to it, instructing non-banking institutions to report certain data breaches and … [Read More]
US core CPI tops forecasts again, likely delaying Fed rate cuts
A measure of underlying US inflation topped forecasts for a third straight month, heralding a fresh wave of price pressures…
Lease equity jumped 33% in May
Auto leasing has been on an upswing, with further increases seen in the second quarter alongside an uptick in lease…
8 characteristics ARA wants in new executive director
The American Recovery Association is seeking a new executive director. According to an industry message the organization sent last week, ARA highlighted eight characteristics it is looking for among potential candidates, including: —A self-starter with the ability to work independently … [Read More]
More buyers financing auto down payments with third-party loans
Nonprime auto buyers are finding creative ways to strengthen their credit and secure down payments for vehicles. As the resumption…
KeyPoint Credit Union tailors new auto-finance program for ITIN holders
This week, KeyPoint Credit Union — an institution based in Silicon Valley — launched an auto financing program specifically designed for individual taxpayer identification number (ITIN) holders. According to the Internal Revenue Service, an ITIN is a tax processing number … [Read More]
Top 20 cities where millennials have highest auto balance
LendingTree recently reported that millennials owe a median of $15,281 in auto debt across the 100 largest metros in the U.S. Researchers used an anonymized sample of credit reports from the first and second quarters of this from more than … [Read More]
Captives lead auto finance share at 29% in Q3
Captives once again captured the largest share of the auto finance market in the third quarter, while credit unions maintained…
CalAmp relocates headquarters to streamline operations & strengthen technical hub
Last week, CalAmp announced the relocation of its corporate headquarters from one California city to another, shifting from Irvine to Carlsbad. The technology and asset tracking company said this strategic move is designed to streamline operations and further align the … [Read More]
Subprime lenders see opportunity in recession talks
Subprime lenders are well-equipped to weather a potential recession, auto executives said during last week’s Auto Finance Summit East 2025. …
Experian to expand global fraud alliance into US
Experian this week rolled out its latest effort to curb fraudulent applications amid rising vehicle prices and the automotive industry relying more heavily on digital retailing. The company introduced the Hunter Automotive Fraud Alliance, which Experian described as a collaborative … [Read More]
Credit availability worsens as ATPs inch down
Credit availability declined for the fourth consecutive month in July, but average transaction prices dipped in a positive sign for…
GM Financial’s digital tools target ‘three key personas’
GM Financial is tailoring AI and digital tools differently to match the distinct needs of consumers, dealers and employees. The…
CPS cheers PayNearMe integration with Cash App Pay
Consumer Portfolio Services chief operating officer Mike Lavin explained why PayNearMe now being natively integrated with the Cash App Pay is good for the subprime auto finance company. “The addition of Cash App Pay will give our customers even more … [Read More]