Subprime lenders navigate ‘new normal’ with cautious optimism
Subprime lenders looking to regain momentum in 2025 are expressing measured optimism as they navigate consumer stress and uncertainty in…
Biden set to hit China EVs, strategic sectors with tariffs
President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one…
Ally Financial names Rhodes as CEO, and other staff moves
Michael Rhodes, Ally Financial Ally Financial named a new chief executive today, ending a three-month search. Michael Rhodes will take…
FCC expands TCPA call consent requirements
The FCC has made two fundamental changes to consent requirements under the Telephone Consumer Protection Act, prompting financiers to review…
U.S. Bank’s indirect loan and lease originations fall 27.3%
Regional banks’ first-quarter earnings showed mixed credit performance, mirroring what national banks reported earlier this month. Chase Auto’s credit performance…
Credit availability improves for second month in row
Auto credit access eased across all lender types in March, with captives loosening the most, marking the second consecutive month…
Big Wheels: Motor vehicle, parts establishments grow by 1%
The number of motor vehicle and parts dealer establishments continued an upward trajectory in the fourth quarter of 2023 in…
Investment in auto fintechs totals $1.9B through June (Under the Hood)
Investors pumped $1.9 billion of capital into auto fintechs through June as the average transaction size inflated, according to an…
RumbleOn F&I revenue falls 5.8% QoQ
Powersports retailer RumbleOn is working closely with manufacturers to align inventory with market realities as retail sales and finance and…
HCA names Drotman CEO, BoA’s Thierry joins Citizens
Hyundai Capital America today named Jim Drotman its president and chief executive, succeeding Marcelo Brutti. Jim Drotman In his new…
Mercedes-Benz to launch new fraud-prevention tool
Mercedes-Benz Financial Services USA is developing a tool to stop the automatic approval of auto loan applications with a high…
Why DataCision Might Be the Perfect Fit For Your Business
You’ve been hearing a lot about DataCision, the purpose-built credit underwriting solution made specifically for dealer commercial lending. . However,…
Podcast: Affordability key challenge moving into 2025
Bank pullback in asset-backed lending has spurred growth for lenders that provide floorplan financing for independent dealers, while banks are…
Doug Timmerman named interim Ally Financial CEO
Longtime Ally Financial leader Doug Timmerman today was named the lender’s interim chief executive, succeeding Jeffrey Brown. Brown, who…
April delinquencies near 3.5%
Short-term delinquencies are on the rise as credit access remains tight and high monthly payments continue to squeeze consumers. The…