High-income auto consumers at risk for default (Under the Hood)
A $2,400-a-month payment was enough to derail rapper MC Hammer’s auto loan, prompting JPMorgan Chase Bank to file suit for...
Investment in auto fintechs totals $1.9B through June (Under the Hood)
Investors pumped $1.9 billion of capital into auto fintechs through June as the average transaction size inflated, according to an...
Complaint pace reignites after March slowdown (Under the Hood)
Auto loan- and lease-related complaints filed through June 30 with the Consumer Financial Protection Bureau surged 38% year over year....
New York fast-tracks abusive lending regulation (Under the Hood)
A New York bill that expands the state attorney general’s power to legally pursue predatory lenders landed on Gov. Kathy...
Vehicle prices test college grads
New-car prices have increased since 2020 at a faster clip than starting salaries, eroding vehicle affordability and dampening sales. While...
A tale of two subprime securitizers
Newbie securitizer Southern Auto Finance Co. has been strengthening its origination dynamics but has yet to score ABS loss expectations...
Executive compensation shoots up 48% in 2024
Though base salaries remained relatively flat year over year, higher bonuses and stock awards propelled a 48% boost in auto...
Auto loan fraudsters punished with prison (Under the Hood)
Perpetrators of auto finance scams in multiple states are being sent to prison for their roles in fraudulent transactions, double-selling...
