US Bank auto book shrinks in Q3
US Bank’s auto outstandings decreased 2.5% sequentially in the third quarter in line with expectations going into 2022. Outstandings clocked...
Chase Auto originations fall 35% YoY
Chase Auto originations fell 34.8% year over year in the third quarter amid tight vehicle supply and rising rates. Originations...
Closing the fraud gaps in auto finance: 4 areas to watch
Automotive manufacturers and lenders have made strides in automation, vehicle delivery options, online shopping and faster loan decisions, but those...
Listen: Weekly Wrap on used-vehicle market, diminishing demand
Used-vehicle values continue to stabilize amid slowing sales and a dip in consumer demand. The Manheim Used Vehicle Value Index...
MidAtlantic analyzes defaults to identify income fraud
Subprime lender MidAtlantic Finance Company is analyzing its defaults to identify borrowers misrepresenting their employment and income information, a problem...
Combating ID fraud: Five steps to prevention
Consumers providing false identification information, including employment and income, is a type of fraud that is costing auto lenders billions...
VW Credit: Training key to catching fake ID fraud
VW Credit has implemented training for its credit and collections teams in response to an uptick in auto loan fraud...
Listen: Weekly Wrap on floorplan, inventory and automation
The auto finance landscape continues to evolve in the wake of rising interest rates, elevated vehicle prices and long-running supply...
