Axos Bank dips down into subprime financing

The bank launched a partnership with fintech Open Lending in March

Weekly Wrap 12-14-20

© Can Stock Photo / dmitrimaruta

Axos Bank is expanding its credit box to include subprime borrowers through a partnership with automation fintech Open Lending that allows the lender to monetize losses. The partnership, which went live in March on the bank’s direct auto channel and was rolled out on its indirect channels in May, reduced the lender’s Fico floor from […]

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