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Fed hikes rates 75 basis points, intensifying inflation fight
Federal Reserve officials raised their main interest rate by three-quarters of a percentage point - the biggest increase since 1994...
Bank of America to help employees buy EVs
Bank of America plans to launch a new internal program that provides employees with financial support toward the purchase or...
Fed mulls ‘game changer’ to jolt inflation: Decision day guide
Federal Reserve Chair Jerome Powell, who’s carefully telegraphed interest rate hikes over four years, looks likely to abandon gradualism and...
Auto dealers request more virtual F&I training
Auto dealers are requesting more finance and insurance (F&I) sales training as consumer preferences trend toward an omnichannel sales and...
Ford Credit cutting debt exposure by $2.5B in face of weakened auto market
Ford Credit is looking to reduce its debt exposure and liquidity as tight vehicle supply is expected to limit auto...
Listen: Weekly Wrap on auto lender compliance, longer-term loans in Q1
Auto lenders should take a close look at their credit decisioning and dealer relationships following a recent Consumer Financial Protection...
Vehicle shipping fintech RunBuggy secures series A funding
Vehicle shipping fintech RunBuggy secured a series A funding round last week, bringing its total amount raised to $19 million....
Surging recovery rates curb negative equity
Soaring used-car values are doing more to reduce consumers’ negative equity than rising loan-to-value (LTV) ratios and increasing vehicle prices...
