California auto dealers seek to up processing fees to $500
California auto dealers may soon be able to increase their below-market document processing fee for applications, thus raising vehicle costs...
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Inside Arra Finance’s acquisition of Crescent Bank’s $815M auto portfolio
Subprime auto lender Arra Finance has entered into an agreement to acquire New Orleans-based Crescent Bank’s auto business. Under the...
Auto lender compliance challenges mount as state regulators fill CFPB void
State regulators could be targeting junk fees, collections calls and consumer data collection as they ramp up enforcement amid changes...
Trump floats higher auto tariff, guts California gas-car ban
President Donald Trump said he may raise US auto tariffs in order to boost domestic auto manufacturing, a move that...
US recurring jobless claims jump to highest since end of 2021
Recurring applications for US unemployment benefits rose to the highest since the end of 2021, adding to evidence that it...
Carvana launches real-time down payment capabilities
Carvana has implemented request for payments technology and instant payments capabilities for down payments on vehicle purchases, allowing consumers to...
Inside Global Lending Services’ EV financing strategy
Global Lending Services has launched EV financing on the heels of implementing enhanced dealer tools and risk scoring to drive...
Auto parts supplier Marelli files for Chapter 11 bankruptcy
Marelli Holdings Co., the struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, has filed for...
US core inflation rises less than forecast for fourth month
Underlying US inflation rose in May by less than forecast for the fourth month in a row, suggesting companies are...
