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CFPB fines American Honda Finance $12.8M

January 17, 2025

American Honda Finance Corp. is being hit with a $12.8 million fine by the Consumer Financial Protection Bureau, which claims...

A Ford Mustang Mach-E4 is plugged into a charger during the 2022 New York International Auto Show (NYIAS) in New York, U.S., on Thursday, April 14, 2022. The NYIAS returns after being cancelled for two years due to the Covid-19 pandemic. Photographer: Michael Nagle/Bloomberg

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POWERSPORTS FINANCE

Powersports Finance News

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January 9, 2025

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TECHNOLOGY

Spotlight

How USAA is investing in tech to speed the loan process

January 15, 2025

Technology

NMAC eyes completion of receivables system in FY 2025

January 8, 2025

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Record $20M FTC settlement points to active regulatory environment

byJames Van Bramer

January 16, 2025

A series of regulatory actions during the past month, including the largest FTC settlement involving a dealership, indicates that regulatory...

Bank of America originations rise 11.5% year over year

byAmanda Harris

January 16, 2025

Bank of America’s auto originations rose in the fourth quarter as the bank eyes further growth in 2025. Originations increased...

Beige Book: Sales rise, inventories dwindle at yearend

byAsh Savage

January 16, 2025

Dealers saw auto sales rise in the latter half of November through December as resolved election uncertainty, OEM incentives and...

Joggers pass the U.S. Federal Reserve building in Washington, D.C., U.S., on Tuesday, August 18, 2020. Photographer: Erin Scott/Bloomberg

Fed’s Waller says fresh rate cuts possible in first half of 2025

byBloomberg News

January 16, 2025

Federal Reserve Governor Christopher Waller said the US central bank could lower interest rates again in the first half of...

A Wells Fargo bank branch in New York, US, on Thursday, July 6, 2023. Wells Fargo & Co. is scheduled to release earnings figures on July 14.

Wells Fargo Auto originations up 52% year over year

byAsh Savage

January 15, 2025

Wells Fargo Auto’s origination volume increased year over year in the fourth quarter, marking the first quarter of YoY origination...

Chase Auto originations climb 7.1% YoY

byJames Van Bramer

January 15, 2025

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

byAmanda Harris

January 15, 2025

USAA is implementing new technology to speed the loan application and approval process as the lender projects flat auto origination...

A JPMorgan Chase & Co. bank branch in New York, US, on Thursday, July 6, 2023. JPMorgan Chase & Co. is scheduled to release earnings figures on July 14. Photographer: Michael Nagle/Bloomberg

Chase Auto CEO Wims Morris joins Auto Finance Summit East fireside chat

byAmanda Harris

January 15, 2025

Auto Finance News is pleased to announce that newly appointed Chase Auto Chief Executive Leslie Wims Morris will join in...

News from Equipment Finance News

Rent-to-rent rentals key to equipment business development

byMichael Archuleta

2025-01-18

ORLANDO, Fla. — Equipment rentals for the primary purpose of re-renting are a key component to successful development of an…

Hino agrees to $1.2B settlement over emissions issues in U.S.

byMichael Archuleta

2025-01-18

Japanese commercial vehicle manufacturer Hino Motors has agreed to pay $1.2 billion to federal and California authorities to resolve a…

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