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Larissa Padden

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Auto Loan Balances Near $1 Trillion, Equifax Says

The total balance of auto loans was $975 billion at year- end 2014, according to Equifax

On the Horizon: Tougher Sales Environment and Pricing Pressure

A tough vehicle sales market and profit pressures are on the auto finance horizon. That was

Mercedes-AMG Buys Stake in Bike Maker

Mercedes-AMG, the sports car and performance brand of Daimler AG, has agreed to acquire 25% of

Are ‘Stupid’ Loans Making a Comeback?

With new-vehicle sales slowing, a Honda Motor Co. executive fears that lenders are relying on extended-term

Exeter Launches New, Faster Origination Platform

Subprime auto lender Exeter Finance Corp. has launched a new origination platform, which the company claims

Daimler FS Expecting Best Year Ever

Daimler Financial Services recorded earnings before interest and tax of nearly €1.1 billion ($1.4 billion) through

CFPB Director Defends Consumer Complaint Database

Consumer Financial Protection Bureau Director Richard Cordray defended a decision to make consumer complaints public while

Praxis Finance to Focus on Southern States with $100 Million in Capital

Grapevine, Texas-based Praxis Finance has secured $100 million in capital and will use that funding to

Credit Union Auto Lending Surges

David Thompson

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