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Truist Bank and Fifth Third Bank reported year-over-year improvements in delinquencies and loss allowances, mirroring positive credit health reported by other lenders. Truist’s indirect auto net charge-offs totaled 2.14%, down 12 basis points (bps) YoY but up 4 bps quarter over quarter, according to the company’s earnings release published April 17. The bank’s allowance for […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
