Lower-credit consumers rejected by subprime auto lenders amid vehicle price hikes
Subprime borrowers are struggling to meet subprime auto lenders’ existing credit standards as vehicle prices rise and consumers struggle to...
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JPMorgan Chase vet McClure joins Capital One as financial services division counsel
Capital One in June named Sean McClure its managing vice president and chief counsel for the financial services division. Sean McClure McClure joined Capital...
Auto ABS issuers add more 72- and 84-month loans in deals
Lenders are increasingly packaging auto loans with terms of 72 months or longer into asset-backed securities deals as more consumers opt to spread out vehicle costs to lower monthly payments. Longer-term loans...
FIS, Fuse partner on auto, equipment finance origination platform
FIS and cloud-native lending technology provider Fuse have formed a strategic alliance to offer a modern loan and lease origination...
NMAC issuing lease buyout refunds following settlement with New York AG
Nissan Motor Acceptance Co. will provide refunds to New Yorkers who were overcharged when buying out leased vehicles from Nissan dealerships, according to a settlement announced...
GM Financial president IDs 2026 nonprime headwinds, tailwinds
Subprime borrowing demand is rising as consumers can no longer afford maintenance costs on their existing vehicles, GM Financial President...
Fitch: Consumer spending predicted to slow to 1.7% in 2026
U.S. economic growth likely will cool in 2026 as consumer spending weakens and global oil prices influence activity and demand, according to Fitch Ratings. Compressed spending, in turn, could influence auto...
Dort Financial CU extends terms for add-on products amid high costs
Dort Financial Credit Union is allowing for term extensions so consumers can afford to add back-end products such as service contracts on loans and leases as vehicle prices climb and leasing...
