Carvana prioritizes staffing amid expansion
Carvana’s biggest challenge might be keeping up with its own growth. Online retailer Carvana has been on a steady upward...
High buyback values create silver lining for lenders
COVID-19 has turned the auto finance industry on its head, not to mention the adage that a car loses 30% of its...
Hurricane Ida piles on inventory woes
With inventory already reeling from supply issues, Hurricane Ida, which pummeled Louisiana and the Northeast last week, will dig the...
Auto fintechs nab $306M of funding in August
Investors are looking to get in on the ground floor of fintechs that touch every aspect of the auto finance...
Auto fintech Finova files for bankruptcy
Despite having raised $155 million in venture funding and being touted as a fintech innovator for its auto equity line...
Santander settles deceptive lending case in Mississippi
Santander Consumer USA might finally have put its legacy lawsuits to bed. On July 21, Santander settled a 4-year-old case...
NY Department of Financial Services cracks down on dealer markup
The New York Department of Financial Services has sanctioned two banks for allowing dealer markups on auto loans, yet auto...
Gateway One SEC settlement comes 4 years too late
Late last week, the Securities and Exchange Commission announced a $6.5 million settlement with Gateway One Lending & Finance for...
