Electric vehicles are giving lenders pause when it comes to auto asset-backed securitization issuance due to increased residual value risk.  …

Credit performance across Bank of America’s direct and indirect consumer portfolio improved in the third quarter as digital activity also…

Bank of America’s auto originations dipped in the fourth quarter as credit continued to normalize and commercial loans to vehicle…

Optimizing efficiency, improving accuracy and customer experience, and automating credit decisions are core uses of artificial intelligence in the auto…

President Donald Trump nominated Stuart Levenbach to be director of the Consumer Financial Protection Bureau, according to a Congressional website,…

The auto industry is benefiting from short-term sales demand driven in part by looming tariffs, but is bracing for the…

Captives continued to hold the largest share of the overall auto finance market in the second quarter, driven by incentives,…

American Honda’s certified pre-owned vehicle sales growth outpaced the industry average as the company expanded the program to incorporate older…

Startup Yendo has raised $165 million in debt and equity financing to grow originations as the company today expanded its…

Powersports lender Ironhorse Funding wants to establish additional forward-flow funding agreements as it plans to more than double its monthly…

Retailers’ finance and insurance revenue was mixed in the fourth quarter as floorplan interest expense jumped at every major retailer…

RV dealers’ outlook hinges on more Federal Reserve interest rate cuts as high RV loan rates soften consumer demand and…

Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of…

US job growth moderated in May and the prior months were revised lower, indicating employers are cautious about growth prospects…

In an elaborate auto scheme, scammers are taking advantage of credit bureau delays to fraudulently finance hundreds of cars and…