News Feed
Auto finance fraud exposure slips to $7.9B in 2023
Synthetic identity fraud contributed to an estimated $7.9 billion in fraud exposure across the auto finance industry in 2023, fueled...
CPS originations dip 16%, collections improve
Consumer Portfolio Services' originations declined year over year, but the subprime lender’s portfolio grew as it secured additional capital and...
CPS supports efficiency, cost savings through 99% automation
Consumer Portfolio Services is focusing on document automation to improve efficiency and prevent fraud. Machine learning, artificial intelligence and e-contracting...
US inflation ebbs for first time in six months in relief for Fed
A measure of underlying US inflation cooled in April for the first time in six months, a small step in...
Big Wheels: Toyota Financial Services leads industry with $114B in outstandings
Toyota Financial Services was once again the largest auto lender by outstanding volume in 2023 as the auto finance industry...
Under the Hood: Executive compensation drops 5% in 2023
Though base salaries and stock awards increased, smaller bonuses drove a 5% decline in auto finance executives’ compensation in 2023,...
Sampang named CIO for Toyota Financial, other staff moves
Toyota Financial Services has appointed Anna Sampang group vice president and chief information officer, effective March 25. Sampang, who...
Overdue bills are rising with US debt delinquencies, Fed survey shows
US household debt has reached a record and more borrowers are struggling to keep up. . Overall US household debt...
