Earnings
America’s First Federal CU Reports Record-Breaking Year
America’s First Federal Credit Union reported a record-breaking year for powersport loan originations in 2015, Bob Jaffe, indirect loan manager, told...
Lending Club ‘Alters’ Origination Model
Lending Club’s partner bank, WebBank, will now maintain “an ongoing economic interest in all loans after they are sold,” according...
Consumer Portfolio Services Ramps up Direct Channel, Mobile Tools
Consumer Portfolio Services Inc. has steadily increased direct-to-consumer loan applications and originations since the April 2015 launch of its direct lending...
CPS ‘Pleased’ with 4Q15 Earnings, Despite Dip in Contract Dollars
Consumer Portfolio Services saw a drop in quarterly auto contract dollars, but the company remains “pleased” with its operating results...
CarFinance Says Goodbye to Indirect Auto
The CarFinance Capital LLC brand has been “retired” as an indirect auto finance provider, according to a presale report from...
Auto Loans on the Horizon for Lending Club
Auto loans are on the way from Lending Club, according to Chief Executive Renaud Laplanche. “The stated goal is quite...
Chrome Capital Doubles YoY Originations
Chrome Capital doubled its year-over-year lease originations in 2015, Peter Wasmer, Chrome’s founder, president, and chief executive, told Powersports Finance. “We...
Tesla’s 2015 Lease Revenue Scores Triple-Digit Growth Rate
Tesla Motors leased 2,598 Model S cars through its direct leasing program in 2015 overall, up from 1,152 cars in 2014...
