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Judge dismisses Tricolor noteholders’ case against JPMorgan, Barclays, Fifth Third
A federal district judge in New York has dismissed complaints from Tricolor noteholders that said JPMorgan Chase, Barclays and Fifth...
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Agora Data president Matt Burke named president of NAF
The National Auto Finance Association has named Matt Burke, chief operating officer and president of Agora Data, as its president....
US inflation picks up to three-year high, eroding paychecks
US inflation accelerated in May to the fastest pace in more than three years as the Iran war pushed up...
Subprime auto dealer America’s Car-Mart seeks rescue financing
America’s Car-Mart Inc., a used car seller and subprime lender, is working on an eleventh hour capital raise to stave...
Lower-credit consumers rejected by subprime auto lenders amid vehicle price hikes
Subprime borrowers are struggling to meet subprime auto lenders’ existing credit standards as vehicle prices rise and consumers struggle to...
JPMorgan Chase vet McClure joins Capital One as financial services division counsel
Capital One in June named Sean McClure its managing vice president and chief counsel for the financial services division. Sean McClure McClure joined Capital...
Auto ABS issuers add more 72- and 84-month loans in deals
Lenders are increasingly packaging auto loans with terms of 72 months or longer into asset-backed securities deals as more consumers opt to spread out vehicle costs to lower monthly payments. Longer-term loans...
FIS, Fuse partner on auto, equipment finance origination platform
FIS and cloud-native lending technology provider Fuse have formed a strategic alliance to offer a modern loan and lease origination...
NMAC issuing lease buyout refunds following settlement with New York AG
Nissan Motor Acceptance Co. will provide refunds to New Yorkers who were overcharged when buying out leased vehicles from Nissan dealerships, according to a settlement announced...
