News Feed
GM Financial originations grow 11% QoQ
GM Financial’s originations ticked up sequentially despite an industrywide slowdown in sales as new-vehicle inventory remains constrained and interest rates...
Ford Credit looks to form own bank
Ford Credit applied July 22 for an industrial loan charter with the Federal Deposit Insurance Corporation (FDIC) to form Ford Credit...
Origence leans into AI, automation with 2 integrations
AURORA, Colo. — Lending technology provider Origence is doubling down on its artificial intelligence (AI) and automation initiatives with two...
EV consumer credit profiles mirror luxury ICE borrowers
Consumers financing electric vehicles (EV) display similar credit qualities as borrowers financing luxury internal combustion engine (ICE) vehicles, providing a...
Fed raises rates by 75 basis points to clamp down on inflation
Federal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening...
CPS logs record monthly origination volume
Consumer Portfolio Services nearly doubled its portfolio year over year in the second quarter on the heels of expansion into...
Credit union market share surges 21% YoY
AURORA, Colo. — Credit unions (CUs) nabbed more market share during the first five months of the year amid limited...
Hyundai Capital hit with $19M CFPB settlement
Hyundai Capital America (HCA) has entered into a $19 million settlement with the Consumer Financial Protection Bureau (CFPB) after the...
