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Subprime lender Global Lending Services to be acquired by Sixth Street

Subprime auto lender Global Lending Services announced today that global investment firm Sixth Street will acquire

  • Aidan Bush
  • October 15, 2025

Bank of America indirect consumer NCOs dip in Q3 

Credit performance across Bank of America’s direct and indirect consumer portfolio improved in the third quarter

  • Amanda Harris
  • October 15, 2025

Subprime market, fraud and AI: 3 themes to watch at Auto Finance Summit 2025 

LAS VEGAS — The subprime market is split as some lenders expand and others shutter or

  • Truth Headlam
  • October 15, 2025

Stellantis plans $13 Billion US investment to spur growth

Stellantis NV vowed to invest $13 billion in the US over the next four years as

  • Bloomberg News
  • October 15, 2025

TrueCar to go private in $227 million buyout led by founder

TrueCar Inc. agreed to be taken private in an all-cash deal valued at about $227 million,

  • Bloomberg News
  • October 15, 2025

Wells Fargo Auto originations soar 114% with Volkswagen deal 

Wells Fargo Auto’s preferred financing arrangement with Volkswagen contributed to double growth of auto originations year

  • Amanda Harris
  • October 14, 2025

Tricolor bankruptcy contributes to $170M in Q3 charge-offs at JPMorgan Chase  

The collapse of subprime auto lender Tricolor contributed to $170 million in charge-offs in the third

  • Amanda Harris
  • October 14, 2025

Tricolor is not the bellwether of subprime auto market (Off the Lot) 

Since Tricolor’s Sept. 10 bankruptcy filing, a lot has been said about how Tricolor may be

  • Bruce Newmark
  • October 14, 2025

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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