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TD Auto Finance profits, credit performance pressured
TD Auto Finance’s auto book grew during the second quarter as credit performance increased pressure on consumers. TD Auto’s...
Increased scrutiny raises costs of ancillary product refunds
Auto lenders, dealers and aftermarket product providers face an uptick in regulatory oversight that will require collaboration to streamline processes...
Synchrony, Octane support OEM incentives in tight market
Powersports sales are expected to face headwinds through the end of the year as affordability concerns continue to weigh on...
Fed inflation debate shifts to how far goods prices can drop
As Federal Reserve officials stare down the last mile in their campaign against inflation, one key question is becoming increasingly...
Ally Financial eyes AI-based inventory recommendations
Ally Financial is continuing to invest in technology and generative AI to offer improved car sale recommendations and inventory options...
Memphis fastest growing area for synthetic identify fraud
Memphis, Tenn., became the fastest-growing area for synthetic identity fraud in 2023, as fraudsters advertised it on social media in...
Under the Hood: The need for an auto finance reboot
Consumers are backing away from home purchases, in part because they have too much money tied up in auto loans. ...
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