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Riley Wolfbauer

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RumbleOn preps its loan portfolio sale

RumbleOn is preparing to sell its loan portfolio to an undisclosed buyer as the powersports retailer

Private credit firms build cash hoards to gain share of $5.2 trillion consumer debt market

Private credit firms are raising billions of dollars to grab a share of the $5.2 trillion

KKR scoops up auto loan portfolio as regional banks shed assets

Private equity giant KKR & Co. has purchased a portfolio of prime auto loans from Georgia-based

NY judge pauses CFPB case against Credit Acceptance Corp.

A Consumer Financial Protection Bureau lawsuit against subprime auto lender Credit Acceptance Corp. is on hold

Lucid vehicle production declines 6% QoQ

Luxury EV manufacturer Lucid Motors posted a sequential decline in production during the second quarter but

The fuss about junk fees: Biden, CFPB, FTC collaborate

Anyone who has financed the purchase of a product or service, had a bank account, bought

NMAC penetration rate climbs to 63%

Nissan Motor Acceptance Co.’s penetration rate improved in the company’s fiscal first quarter as Japanese automaker

Podcast: ‘Weekly Wrap’ discussion on subprime earnings

Subprime auto lenders posted mixed second-quarter earnings last week as credit tightened amid ongoing interest rate

Credit Union Auto Lending Surges

David Thompson

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