Record $20M FTC settlement points to active regulatory environment
A series of regulatory actions during the past month, including the largest FTC settlement involving a dealership, indicates that regulatory...
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Chase Auto originations climb 7.1% YoY
Chase Auto’s origination volume climbed year over year in the fourth quarter of 2024, driven by growth in leasing. Originations reached $10.6...
How USAA is investing in tech to speed the loan process
USAA is implementing new technology to speed the loan application and approval process as the lender projects flat auto origination...
Chase Auto CEO Wims Morris joins Auto Finance Summit East fireside chat
Auto Finance News is pleased to announce that newly appointed Chase Auto Chief Executive Leslie Wims Morris will join in...
US core inflation eases for first time in six months
US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal Reserve...
Dealers shift focus to F&I as front-end margins decline
Auto dealers have refocused on increasing finance and insurance profits as front-end margins have declined from pandemic-era peaks. Front-end margins...
JPMorgan Chase names Piepszak COO
JPMorgan Chase today promoted Jennifer Piepszak to chief operating officer. Jennifer Piepszak Piepszak, who has been serving as co-CEO of...
Uptick in auto refinance could hurt dealers’ F&I profits
As interest rates ease from record highs, increased auto refinancing could cut into finance and insurance profits for dealers. Dealers...
Consumers misclassify issues in new CFPB complaint category
A newly created category in the Consumer Financial Protection Bureau’s complaint database generated nearly 3,000 grievances last year, 23% of...
Customer demands developing need for dealer rental
ORLANDO, Fla. — As more equipment dealers seek to right-size their fleets and customers look for ways to avoid high…
Basel III could exacerbate challenges facing equipment lenders
Basel III compliance could compound challenges facing the equipment finance industry as banks become increasingly conservative while grappling with declining…
