U.S. Bank’s Bolte steps up to SVP role; other staff moves
Kristina Bolte this month was named U. .S. . Bank’s senior vice president of dealer services national product and strategy…
SCUSA CFO talks steady underwriting, growth focus
Santander Consumer USA is taking a steady approach to underwriting and pricing amid fluctuating consumer demand, auto tariffs and worsening…
Big Wheels: Porsche Financial Services issues first lease ABS deal since 2015
Porsche Financial Services contributed to rising lease volume in the asset-backed securitization market with an $850 million issuance earlier this…
Credit access ticks up 4.1% in October, approval rates fall
Auto credit access improved in October, even as approval rates fell month over month. The Dealertrack Credit Availability Index, which…
Dealer Insight: Stellantis incentives offer little relief amid inventory woes
Stellantis is offering inventory-driven incentive programs for dealers as the manufacturer looks to support new-vehicle production but remains stringent on…
FICO to offer credit scores including buy-now, pay-later data
FICO is introducing two credit scores that incorporate buy-now, pay-later data, underscoring how significant a part of the consumer credit…
CFPB orders $20M in penalties against Fifth Third
Fifth Third Bank faces $20 million in penalties after the Consumer Financial Protection Bureau today issued an order alleging that…
Kunes Auto’s Hensel: Lenders need to be ‘competitive’ in near prime
LAS VEGAS — In a shifting credit environment, lenders need to adjust their strategies to keep acquiring customers of different…
TD Auto Finance profits, credit performance pressured
TD Auto Finance’s auto book grew during the second quarter as credit performance increased pressure on consumers. TD Auto’s…
Podcast: Proposed CFPB rule change teases win for nonbank lenders
Nonbank auto lenders may soon have a reason to celebrate, following a proposed rule change by the Consumer Financial Protection…
Ford Credit penetration rate hits 60% in Q1
Ford Credit’s finance penetration rate soared in the first quarter as finance margin improved and credit performance continued to normalize….
Chase Auto names Thacker head of private label
Chase Auto today named John Thacker its president of private label captive finance. John Thacker Thacker succeeds Leslie Wims Morris,…
Podcast: ‘Weekly Wrap’ on GM Financial, CAC earnings
Earnings season continued last week with GM Financial and Credit Acceptance Corp. reporting a rise in originations and worsened consumer…
Inside Vervent’s Tricolor repo challenges
Tricolor backup servicer Vervent faces a robust collections challenge, with potentially thousands of defaulted vehicle loans in the three months…
Huntington’s originations jump 91%
Huntington Bank’s auto originations soared in the second quarter as Q2 earnings continue to point to mixed results for lender…