Though base salaries and stock awards increased, smaller bonuses drove a 5% decline in auto finance executives’ compensation in 2023,…

Initial applications for US unemployment benefits fell for a second week to the lowest level since early July, despite a…

Elevated interest rates contributed to a competitive landscape that prompted some banks to slow auto lending activity in the fourth…

The Consumer Financial Protection Bureau is withdrawing from a lawsuit against subprime lender Credit Acceptance Corp. that it filed alongside…

U.S. Bank continued to scale back auto lending during the fourth quarter due to market competition and lower return levels. …

Financial services giant USAA is looking to deploy AI and gen AI throughout its operations rather than implementing it to perform specific…

Days’ supply and average prices have held steady across new, used and certified pre-owned vehicles while sales have fluctuated during…

AI-driven lending platform Upstart’s auto loan originations jumped 46% quarter over quarter in the third quarter as the company began…

Net losses and delinquencies across prime and nonprime securitized auto loans improved month over month but worsened year over year…

Auto finance executives are largely bullish on the automotive and auto finance industries into 2026 but remain cautious about affordability…

Tellis Bethel was named chief financial officer of Toyota Motor Credit Corp. (TMCC) and Toyota Financial Services International Corp. He…

AutoNation Finance’s originations jumped in the second quarter as credit performance improved, finance and insurance revenue grew, and vehicle sales…

Nissan Motor Acceptance Co. is investing in technology to improve communication with consumers and to enhance portfolio management and underwriting,…

Subprime auto lender Global Lending Services announced today that global investment firm Sixth Street will acquire it, pending regulatory approval….

Auto loan rejection rates plummeted over the 12 months that ended in February in a sign of loosening underwriting standards….