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CPS closes its first ABS deal of 2023

Consumer Portfolio Services has closed its first asset-backed securitization deal of the year, a $324.8 million

US GDP expands at healthy 2.9% pace while slowdown signs mount

The US economy expanded at a healthy pace in the fourth quarter, though signs of slowing

US Bank’s auto portfolio plummets in Q4

Auto outstandings at U.S. Bank fell for the fourth consecutive quarter while delinquencies inched up. The

Capital One auto originations fall 32% YoY

Capital One intentionally pulled back on auto loan production for the third consecutive quarter, while credit

5 questions with … TD Auto President and CEO Andrew Stuart

TD Auto Finance President and Chief Executive Andrew Stuart is using his vast auto industry experience

ID theft leads to $8M in vehicle fraud in Houston

Identity theft is plaguing car dealerships, contributing to more than $8.8 million in vehicle fraud investigations

Improving lending profitability and fairness with AI

Lenders spend countless hours manually verifying loan applicants’ information — specifically, income, residence, employment and proof

Listen: Banks pull back on auto in Q4

Banks last week announced in their earning calls plans to continue pulling back on auto lending

Credit Union Auto Lending Surges

David Thompson

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