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Lobel Financial to pay $1.3M CFPB settlement
Anaheim, Calif.-based indirect subprime auto lender Lobel Financial Corporation will have to pay $1.3 million to about 4,000 consumers as...
Tricolor a finalist for financial inclusion award
Tricolor Auto Acceptance has been named a finalist for a LendIt Fintech Industry Award for excellence in financial inclusion, according...
Rivian faces ban from Michigan car dealers in direct-sales fight
Michigan auto dealers are trying to block startup electric carmakers including Rivian Automotive Inc. and Lucid Motors Inc. from following...
Used-vehicle inventory strengthens
Used-vehicle inventory is stabilizing after some precarious months, according to an analysis of vAuto Available Inventory data by Cox Automotive....
Nikola’s future cloudy as founder exits amid allegations, probes
Nikola Corp. faces an uncertain future following the sudden departure of its founder and chairman in the wake of regulatory...
Fair CEO talks long-term leasing
Used-car leasing app Fair is expanding its product offering with two- and three-year lease options, Chief Executive Bradley Stewart told Auto Finance...
Weekly Wrap: Auto lenders get creative
Auto lenders continue to experience ups and downs through the COVID-19 pandemic, and it’s becoming clearer by the week what...
Floorplan lenders tweak securitization structures for ABS comeback
Loan- and lease-backed volume resumed in mid-April after the auto securitization market ground to a halt in March, but floorplan...
