Federal Reserve announces emergency meeting on auto lending regulations • Click for details

Vehicle Sales

0
+ 0 %

AFN Composite Index

0
+0.44%

Consumer Sentiments

0
+ 0 %

SOFR

0
+ 0 %

APR 48 Mos.

0
+ 0 %

Prestige Financial Services stops originations 

Financier’s portfolio stood at $1.2B at yearend 2024 

Amanda Harris

Prestige Financial Services on Nov. 20 will cease originations activity, according to an email the company is circulating to dealerships and that was obtained by Auto Finance News today.   The email states that “after careful consideration, Prestige has made the decision to stop new originations and will transition into a servicing-only business.”   Prestige President Richard Hyde declined to comment or provide further information in response to an AFN inquiry […]

Already subscribed? Log in

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Johnnie Martinez II

CarMax Auto Finance originations down 1.5%

David Thompson

Wells Fargo Auto originations soar 110% YoY

David Thompson

Chase Auto originations down 3% YoY

David Thompson

Daily Intelligence Brief

Join 45,000+ industry professionals who start their day with our curated auto finance news.

No spam. Unsubscribe anytime. By subscribing, you agree to our Terms.

Sponsored

Tesla announces new fleet financing program

EV Finance

Subscribe to Our Newsletters

PowerSports Finance - Monthly coverage of the powersports lending market