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Axis Auto homeowner loan apps up 47% as credit tightens
Homeowners pose an opportunity for auto lenders in the Canadian market as tightened credit standards and high interest rates limit...
Insurance costs burden nonprime borrowers
FORT WORTH, Texas — Rising insurance costs are burdening consumers, making it more difficult for borrowers to keep current on their auto...
Strong US payrolls and wage growth push back bets for Fed cuts
US job growth surged in May and wages accelerated, prompting traders to push back the expected timing of Federal Reserve...
Under the Hood: Fintech investments top $1B
Venture capitalists have pumped $1 billion of capital into auto fintechs through May, nearly double last year’s investment pace, according...
Rise in leasing poses higher costs for lenders
FORT WORTH, Texas — Leasing volume has steadily increased, which could lead to higher costs for lenders. Leases can sometimes...
Compliance critical as regulators scrutinize auto pricing policies
Increased scrutiny of pricing and underwriting practices means auto lenders should closely review their portfolios, underwriting habits and pricing policies...
Lendbuzz secures $100M from Japan’s largest bank
AI-driven subprime auto lender Lendbuzz has secured a $100 million credit facility with the Mitsubishi UFJ Financial Group to grow...
CFPB issues ‘fine print’ warning to auto lenders
The Consumer Financial Protection Bureau is cracking down on terms and conditions in consumer financial products, prompting auto lenders to...
