Risk Management
CREDIT: Delinquencies Rise, Lenders Tighten Credit
Subprime 60-plus-day delinquencies declined to 4.28% in February, compared with 5.09% in January, according to S&P Global. Year over year, however,...
Shift Considers ‘Virtual Leases,’ President Says
Shift Technologies Inc. is eyeing opportunities in what it calls “virtual leasing” -- a perpetual lease agreement not tied to a...
Commerce Bank Entices Borrowers to Shorten Terms
DALLAS — Commerce Bank isn’t pulling back on its longest loan-term offering of 75 months, but it is “encouraging” deals...
Change in License Terms Poised to Boost Slingshot Finance Volume
Riders in 30 states can now drive a Polaris Slingshot with a valid state driver’s license -- instead of a...
Ride Today Acceptance Rebrands, Post $5MM Cardiff Acquisition
Cardiff International Inc. signed a definitive merger agreement to acquire American Cycle Finance -- formerly known as Ride Today Acceptance -- as...
Commerce Bank Watchful of Delinquencies, Tightens Credit
DALLAS — Auto delinquencies are rising across the industry, but the increase has been most prominent in subprime segments. Although Commerce...
Santander Unlikely to Modify Practices After $26M Penalty
Santander Consumer USA disclosed last Wednesday that it had agreed to pay $25.9 million to resolve accusations that the company funded...
CycleOne to Offer New Motorcycle, Prime Financing
CycleOne Financial will expand its breadth of offerings to include new motorcycle financing, after the startup expands its leasing limit -- the amount...
