Federal Reserve officials left interest rates unchanged and pointed to improvements in the US economy as they signaled a more ...

GM Financial’s originations declined in the fourth quarter as finance penetration shrank and vehicle sales slowed.  Loan and lease originations came in at $12.6 ...

Lender Octane has entered the auto market with a Captive-as-a-Service offering for auto dealership groups, the lender announced today.  The program aims to help dealership groups boost profitability, retain customers and build long-term ...

The establishment of industrial banks by Ford Credit and GM Financial is expected to lead to lower funding costs, netting a credit positive for the captives.   The industrial loan ...

Santander Holdings on Jan. 26 appointed David McClelland head of the lender’s U.S. auto business, succeeding the retiring Bruce Jackson.  In his new role, according to a company release, McClelland will:  ...

Auto lender and servicer Prime Asset is suing PrimaLend Capital Partners, alleging the buy here, pay here lender forced it ...

The closure of subprime auto lender Prestige Financial Services’ origination business may have been accelerated by parent Larry H. Miller ...

Prime and subprime auto asset-backed securities spreads tightened through mid-January compared with the previous two years.   Spreads on prime AAA-rated three-year auto notes narrowed ...