Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Amanda Harris

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Eisman’s biggest short is subprime lender Credit Acceptance

Steve Eisman, the Neuberger Berman Group portfolio manager made famous by successfully wagering against subprime loans

CFPB’s new heads, and more staff moves

Auto Finance News presents industry staffing shuffles for the month of December. CFPB’S new heads: Operations,

Fair partners with LendingTree, sees increase in short-term leases

Fair’s new partnership with LendingTree is capitalizing on a growing need for short-term leases. Since launching

Used-vehicle prices increase, inventory outpaces norm

Rising used-vehicle prices, recovering supply and low delinquencies point to improving health for the auto industry.

Bank of America’s auto book shrinks in 2020

Bank of America’s auto portfolio dwindled last year as economic stress spurred by the coronavirus pandemic

PNC Financial’s Q4 marked by declines in auto

A decrease in auto loans contributed to an overall decline in PNC Financial Services’ fourth-quarter consumer

US jobless claims fall slightly, though remain near 1M

Applications for U.S. state unemployment benefits fell only slightly last week and remained elevated, signaling heightened

TrueCar forecasts 16M SAAR in 2021 

The new-vehicle SAAR is forecast to reach 16 million units this year, gaining 10% on 2020’s

Credit Union Auto Lending Surges

David Thompson

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