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News Feed

American Car Center parent files for bankruptcy 

RAC Asset Holdings on Tuesday filed for Chapter 7 bankruptcy protection in Delaware following the closure

  • Amanda Harris
  • March 16, 2023

RumbleOn Finance originations fall in Q4

RumbleOn Finance tallied a decline in originations in the fourth quarter as finance and insurance revenue

  • Riley Wolfbauer
  • March 16, 2023

Santander halts $942M subprime auto ABS sale amid turmoil

Santander Consumer USA on Wednesday delayed the sale of $942 million of bonds backed by subprime

  • Bloomberg News
  • March 16, 2023

Watch: Income verification and the future of lending

Industry experts discuss income verification and the future of lending in this roundtable discussion. The panel

  • InformedIQ
  • March 16, 2023

SVB-spurred concerns reach Credit Suisse

Credit Suisse’s sale of its structured products group to Apollo Global Management in November spells good

  • Joey Pizzolato
  • March 15, 2023

Delinquencies surpass pre-pandemic levels

The rate of auto loans 60-plus days delinquent in the fourth quarter rose above pre-pandemic levels

  • Riley Wolfbauer
  • March 15, 2023

CPS tightens credit ‘dramatically’

Consumer Portfolio Services tightened credit considerably and raised interest rates in 2022 to protect margins amid

  • Amanda Harris
  • March 15, 2023

Consumer spending is challenged by high inflation as retail sales fall

U.S. retail sales fell in February after a surge in the prior month, suggesting consumer spending,

  • Bloomberg News
  • March 15, 2023

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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