News Feed
Fidelity Bank Exits Indirect Auto
Fidelity Bank is shuttering its indirect auto business after nearly 30 years, Auto Finance News has learned. "Effective May 15,...
Tricolor’s Machine Learning Tech Is Reducing Its Reconditioning Costs
SAN DIEGO — The machine-learning technology deployed by Tricolor Auto Acceptance has cut its vehicle reconditioning costs, Chief Executive Daniel...
Bloom Wins DEMOvation Challenge at Auto Finance Innovation Summit
SAN DIEGO — Bloom, a decentralized data security solution powered by blockchain, was crowned the winner of the third annual...
Australian Startup Eyes Foray Into U.S. Market
SAN DIEGO — CarDeals2Me, an Australian startup that provides car buyers with a price quote that expires within 24 hours,...
CFPB Move to Cap Collection Calls Sparks Controversy Between Agencies, Advocates
PHILADELPHIA — The Consumer Financial Protection Bureau’s proposed rule change to the Fair Debt Collection Practices Act, which would limit...
Outstandings Hit Record Despite Slowing Growth, New Big Wheels Report Shows
The auto finance market eked out 2.1% growth in 2018, as loan and lease outstandings hit an all-time high of...
USAA Pilots Tool to Speed Manual Underwriting
SAN DIEGO — USAA has been piloting a tool for the past two weeks to speed decisioning on the 10%...
Westlake Eyes Multi-Vehicle Approvals in Latest Direct Lending Enhancement
Westlake Financial Services is building out its direct lending platform, and VP of Services and Lending Solutions Ralph Ontiveros hopes...
