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Riley Wolfbauer

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Carvana reduces floorplan line with Ally Financial

Automotive retailer Carvana reduced its wholesale inventory floorplan line of credit with Ally Financial to $2.2

August marks third month of rising ABS delinquencies

August marked the third consecutive month of weakening credit performance across prime and subprime auto asset-backed

Open Lending adds 84-month loan terms as affordability dips

Automation fintech Open Lending has expanded its maximum auto loan terms as more consumers are priced

Startup Tenet bundles EV, charging financing

Electric vehicle (EV) financing startup Tenet is partnering with auto lenders to scale a new EV

BMO Capital lowers RV shipment and retail forecasts

Investment banking firm BMO Capital has lowered its RV shipment and retail forecasts for this year

New, used vehicle inventory improves in August 

August was a bright spot for supply of both new and used cars as vehicle prices

Octane expands into RV financing 

Powersports lender Octane is expanding into recreational vehicle (RV) financing as the company continues to grow

Banks scout for talent outside ‘footprint’ cities

SEATTLE — Financial institutions are looking beyond so-called tech cities in the hunt for cloud engineers

Credit Union Auto Lending Surges

David Thompson

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