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Equifax says consumer credit scores changed in computer error
Equifax Inc. said some consumer credit scores were changed because of a computer error that has since been rectified. A...
Volvo’s captive expands e-contracting options through RouteOne
Volvo Car Financial Services (VCFS) is expanding its e-contracting capabilities with automotive credit application management and e-contracting platform RouteOne. RouteOne...
Auto credit demand weakens in Q2, Fed reports
Banks’ credit standards on auto loans held steady in the second quarter amid weakening demand for auto financing as they...
Credit Acceptance origination volume climbs 22%
Subprime lender Credit Acceptance Corp. (CAC) logged a 22% year-over-year jump in consumer loan assignments on a dollar basis and...
Manchin sets high bar for Tesla and GM electric-car tax credits
It was tempting when Democrats announced their surprise climate deal to imagine American auto executives popping champagne bottles. But any bubbly probably ought to...
Nicholas Financial direct originations rise 10%
Nicholas Financial’s indirect and direct originations climbed year over year in the first quarter as the lender focuses on underwriting...
Listen: Weekly Wrap discussion on captives’ 2Q earnings
Earnings season continued in full swing last week, with two major powersports OEMs and two U.S.-based captives reporting second-quarter results....
RV values rise in June after May decline
Recreational vehicle values continue to shift as inventory begins to catch up with demand. Motorhome values rose sequentially in June...
