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Toyota Financial Services to replace legacy system with Mazda’s Cloud-based platform
Toyota Financial Services is expanding the use of its proprietary Mazda Financial Services digital mobility platform companywide amid a heightened...
AFRS: Arivo Acceptance invests in verification technology to mitigate risk
Subprime lender Arivo Acceptance invested in digital verification technology to help mitigate origination risk during the COVID-19 pandemic, Chief Risk...
Santander Consumer USA evaluates options for hybrid work environment
Santander Consumer USA is evaluating options for a hybrid in-office and remote organizational structure as recovery from the coronavirus pandemic...
Peaks and troughs: The residual value roller coaster
From steep drops to huge hills, residual values have been on a roller coaster ride during the past year as...
Record surge in used-car prices is key culprit in inflation jump
An unprecedented surge in prices for used cars was the biggest contributor to the surprise jump in U.S. inflation last...
AFRS: ILL interest rate cap poised to present headwinds for auto finance
The Illinois 36% “all-in” rate cap, or Predatory Loan Prevention Act, enacted March 23 is poised to present significant challenges...
AFRS: Ballooning SAAR adds credence to affordability concerns
Vehicle affordability is likely to continue to decrease during the next year, given rising average transaction prices, increasing interest rates,...
AFRS: Consumer spending key metric to managing portfolios, execs say
As the industry continues to recover from the pandemic, auto lenders should keep a close eye on outside economic factors...
