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Nicole Casperson and Joey Pizzolato
  • 1:39 pm

Auto Finance Technology sponsored by InformedIQ

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News Feed

U.S. jobless claims at 4.43 million in labor rout’s fifth week

More than 4 million Americans applied for unemployment benefits last week, bringing the five-week total during

  • Bloomberg News
  • April 23, 2020

Subprime Nicholas Financial furloughs 15% of staff

Nicholas Financial has furloughed 40 employees — or 15% of its workforce — in response to

  • Nicole Casperson and Joey Pizzolato
  • April 22, 2020

Carmakers headed for 50% sales plunge breathe sigh of relief

Automakers are headed for a less-drastic U.S. sales collapse than feared, according to market researchers. Retail

  • Bloomberg News
  • April 22, 2020

Regulatory sandboxes, policy changes spur innovation

Regulatory uncertainty remains one of the most significant challenges to finance companies that want to develop

  • Kelly Lipinski, McGlinchey
  • April 22, 2020

Fifth Third sets aside $129M for auto loan losses

Fifth Third Bank has set aside an additional $129 million in reserve for its indirect consumer

  • Nicole Casperson
  • April 21, 2020

Truist pads reserves as deferred accounts remain current

A “majority” of Truist Bank’s 330,000 consumer loan deferrals are current, including the bank’s subprime auto

  • Joey Pizzolato
  • April 21, 2020

Credit Acceptance delays quarterly SEC filing due to COVID-19

Credit Acceptance Corp. has suspended its first-quarter earnings report due to the “adverse impact” the COVID-19

  • Nicole Casperson and Joey Pizzolato
  • April 21, 2020

Ally Financial allots $3B for credit losses, defers CECL

Ally Financial has set aside $2.8 billion in retail auto reserves, a $1.8 billion year-over-year increase,

  • Nicole Casperson and Joey Pizzolato
  • April 20, 2020

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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