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Consumer Portfolio Services closes first ABS deal of 2022
Consumer Portfolio Services (CPS) tied the knot on its first asset-backed securitization of 2022, a $316.8 million deal backed by...
Boat prices jump as much as 50% as production lags
Boat production can’t keep up with demand, driving up prices and forcing consumers to preorder nearly a year in advance....
Craig Hewitt named Yamaha Financial Services president, CEO
Craig Hewitt this week was named president and chief executive officer of Yamaha Financial Services, effective February 1. Craig Hewitt,...
CarMax Auto Finance taps Denise Brown as chief credit officer
CarMax Auto Finance has named Denise Brown its vice president and chief credit officer, the company announced this morning. Denise...
GM Financial originations drop 25% YoY in Q4
GM Financial is the third auto lender to post a year-over-year decline in origination volume in the fourth quarter, largely...
Arivo Acceptance to update risk model, doubles footprint to 20 states
Subprime lender Arivo Acceptance is gearing up to roll out an updated credit risk model as the company nearly doubles...
Chase Auto Chief Risk Officer Ajit Nalla joins Auto Finance Risk Summit for fireside chat
The Auto Finance News team is pleased to announce that Ajit Nalla, chief risk officer at Chase Auto, will sit...
Ford to spend up to $20 billion reorganizing for shift to electric cars
Ford Motor Co. is planning a major reorganization to prepare for the electric future, using Tesla Inc.’s success as a...
