Capital One: ‘Swiss cheese,’ multilayered approach needed to fight fraud
After auto fraud exposure hit record highs in 2024, lenders and dealers are using multilayered fraud-prevention systems and looking to…
After auto fraud exposure hit record highs in 2024, lenders and dealers are using multilayered fraud-prevention systems and looking to…
Vroom’s stock was relisted today following the closure of the company’s e-commerce business and subsequent bankruptcy filing last year. The…
While new-vehicle prices continued to climb in November, credit access improved as most lender types loosened standards on a year-over-year…
Solera Auto Finance will be rebranded as Arra Finance after asset management firm Obra Capital acquired the company. Solera Auto…
Capital One is looking at ways to expand the use of AI-based agents on the heels of launching its agentic…
Lendbuzz projects a 50% year-over-year increase in origination volume at yearend 2024 as the company eyes expansion and loosens access…
Polaris’ sales ticked up in the third quarter, brought on by increases in shipments and off-road vehicle demand. Overall sales…
Consumer complaints submitted to the Consumer Financial Protection Bureau related to vehicle loans and leases increased 46.3% year over year…
Used-vehicle values inched down sequentially and year over year in September as values cooled from pandemic highs but have not…
U.S. Bank’s indirect loan originations plummeted in the second quarter as regional and national banks reported improvements in credit performance….
The public may remain in the dark for some time on exactly what led to the closure of subprime lender…
Digitally originated auto loan volumes ticked up year over year and quarter over quarter in the first quarter, while the…
Online direct lender Carputty lowered its base interest rate for its Flexline financing option for new- and used-vehicle purchases as…
Auto industry practices are increasingly influencing equipment finance as more leaders cross over between the industries, where similar business models…
Subprime lender Credit Acceptance Corp. continued to set record portfolio highs in the second quarter as origination volume on a…