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Early GAP refund status updates critical to multistate compliance

PLANO, Texas — Early updates on GAP waiver refund status are key to lenders remaining compliant

Carvana shares soar on forecast of improved financial results

Shares in used-car retailer Carvana Inc. soared as much as 32% in premarket trading after the

Used-vehicle values continue sequential dip

Used-vehicle values continued their downward slide in May as used-car retail sales held steady sequentially but

After retreating for more than a year, Citizens exits auto finance

Citizens Financial Group is the latest bank to exit indirect auto lending following four quarters of

CFPB highlights AI-driven chatbot risks for FIs

Financial institutions must consider the efficiencies and limitations of artificial intelligence when deploying chatbots as client

Fed: Auto sales mixed across regions as confidence wanes

Dampening consumer confidence and high interest rates continued to put pressure on auto sales on a

Dealer floorplan interest income falls 67% YoY

Dealers’ profitability declined in the first quarter as floorplan interest rates climbed and inventory improved, but

THOR incentives increase 28% YoY

Recreational vehicle manufacturer THOR Industries continued to increase incentives in the third quarter of 2023 as

Credit Union Auto Lending Surges

David Thompson

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