Joey Pizzolato | Auto Finance News | Auto Finance News
Joey Pizzolato

Joey Pizzolato

Associate Editor

Joey Pizzolato is a writer and editor based in New York. His fiction and nonfiction have appeared in a variety of print and online publications. Before reporting on auto finance, he covered the mortgage and housing industry. He holds a Master of Fine Arts in Writing from Spalding University, and a Bachelor of Arts in English from DePaul University.

6 indicted for straw-buying fraud

Two owners of a Moline, Ill.-based car dealership — 4th Avenue Auto Sales — have been indicted along with four co-conspirators on straw-buying fraud and odometer tampering, according to a filing with the U.S. District Court for the Southern District of Iowa. The owners, Bradley Shane McCorkle and Isaac Bell, would recruit straw buyers to […]

Understanding how GLBA exemptions affect CCPA

The California Consumer Protection Act (CCPA) goes into effect in January, and although California Attorney General Xavier Becerra has said his office won’t enforce the law until July, lenders should start preparing now, said Michael Benoit, partner at Hudson Cook. One important aspect of that preparation is understanding how exemptions in the Gramm-Leach-Blilley Act (GLBA) overflow into the CCPA. […]

Westlake inks second partnership in Canada

Westlake Financial is adding a second strategic partnership in Canada, Group President Ian Anderson told Auto Finance News. The Los Angeles-based lender partnered with Preston, Ontario-based auto finance company Source One Financial two weeks ago, Anderson said, and plans to fund its first contract on Dec. 2. The alliance comes on the heels of a partnership […]

Tightening credit standards to slow auto growth

Tightening lending standards from auto finance companies, interest rates and rising vehicle prices are poised to reduce total outstandings about 5% through 2020 and 2021, according to Moody’s Analytics U.S. Consumer Credit Outlook. In fact, finance companies have stiffened underwriting guidelines due to deterioration in credit performance, which has allowed banks and credit unions to […]

Serious delinquencies improve for young borrowers

Serious delinquencies — auto loans 90 days or more past due — for borrowers aged 18 to 29 years dropped 38 basis points to 3.8% year over year, marking this age group’s lowest delinquency level since 2Q15, according to the New York Federal Reserve’s third-quarter Report on Household Debt and Credit. Though this age group’s […]

Porsche Financial expands insurance coverage to EVs

Porsche Financial Services has expanded its car insurance coverage to include services related to electric mobility, the company announced. The service, called “E-Cover,” was designed to supplement the upcoming release of the Porsche Taycan Turbo, the German automaker’s first all-electric vehicle. Consumers in Germany will be able to add coverage to an existing insurance policy […]
Page 1 of 2212345 » 1020...Last »