Capital One originations increase more than 20%
Capital One Auto Finance’s originations grew in the first quarter following several quarters of year-over-year declines. Originations totaled $7.5 billion,…
Chase Auto lease volume up 42% in Q2
Chase Auto’s originations rose year over year in the second quarter as leasing volume climbed and credit performance improved. Auto…
Inside Chase Auto’s refinance rollout
Chase Auto has launched refinance as lenders look to capitalize on stabilizing rates and increased refi demand. The new…
Memphis fastest growing area for synthetic identify fraud
Memphis, Tenn., became the fastest-growing area for synthetic identity fraud in 2023, as fraudsters advertised it on social media in…
CFPB change to nonbank oversight could affect securitizations
The Consumer Financial Protection Bureau’s reexamination of its oversight of nonbank auto finance companies may affect auto asset-backed securitization transactions….
New RV registrations down 0.6% YTD
LAS VEGAS — RV retailers are bullish on the industry going into 2026 despite declining new and used RV registrations…
Tricolor creditor meeting postponed, filing extension granted
The creditors’ meeting for Tricolor’s Chapter 7 bankruptcy case filed Sept. 10 has been moved to November following a hearing…
AI debt collectors fare worse than humans
While loan servicers are eyeing AI to make collection calls cheaper and faster, a recent study suggests non-human debt collectors…
New Hampshire latest to ramp up fintech licensing requirements
State regulators are looking to ensure that servicers, fintechs and other third-party entities involved in auto lending are properly licensed…
Sonic’s EchoPark closures highlight used-retail market woes
Sonic Automotive’s closure of its Northwest Motorsport dealerships on Jan. 23 not only further shrinks the retailer’s used-vehicle business, EchoPark…
Trump’s global tariffs deemed illegal, blocked by trade court
The vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court, dealing…
Credit availability worsens YoY
Access to auto credit worsened month over month and year over year in June, marking the third consecutive sequential decline…
CarMax Auto Finance plans to issue nonprime ABS on ‘regular cadence’
CarMax Auto Finance plans to split its auto asset-backed securitizations between prime and nonprime offerings after issuing its first non-prime…
Sales and incentives to rise, dealer profits to dip in 2025
Auto sales are projected to climb in 2025, driven by increased incentives, while dealer profits are set to shrink amid…
States could pick up where CFPB left off
The uncertain status of the Consumer Financial Protection Bureau could result in more state-based regulations. In one recent example, New York State…