Retailers, lenders target automated payments, AI support
Lenders and retailers are focused on automating payments wherever possible and using AI for customer communication and servicing. Retailer Carvana...
Auto ABS issuances drop 37.2% YoY in May
As spreads widen and asset-backed securitization issuance declines, lenders are looking to long-term partners and funding diversification. Auto issuances dropped...
AI compliance fintech Kobalt Labs wins 2025 Demo Challenge
Kobalt Labs, a fintech that built an operates an AI copilot to automate compliance reviews, was crowned the winner of...
Banks tighten auto credit standards, Fed reports
More banks tightened credit standards in the first quarter while consumer demand for auto loans held, though forecasts indicate both...
NMAC president: 84-month loan terms ‘inevitable’
NASHVILLE, Tenn. — Captives expect loan terms to remain stretched for the foreseeable future as affordability woes continue. Loan terms...
CPS taps ‘resilient’ customers as originations rise 30.3%
NASHVILLE, Tenn. — In the face of potential market downturns, subprime lenders are looking to identify and lean on their...
HDFS transaction expected to close in Q3
A transaction involving Harley-Davidson’s financial arm, Harley-Davidson Financial Services, is expected to close in the third quarter, according to a...
Lendbuzz streamlines approvals with AI
AI-driven auto lender Lendbuzz is using AI to streamline loan approvals for borrowers with thin to no credit. The Boston-based...
