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

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Nicole Casperson and Joey Pizzolato

Auto Finance Technology sponsored by InformedIQ

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Prime issuers inject $3.6B into ABS market

The auto asset-backed securities market has seen a revival in the last week after nearly a

Despite furloughing staff, Nicholas Financial continues to accept loan applications

Despite furloughing 15% of its employees last week, Nicholas Financial is still accepting new loan applications,

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

Subprime Nicholas Financial furloughs 15% of staff

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

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

Regulatory sandboxes, policy changes spur innovation

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

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

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

Credit Union Auto Lending Surges

David Thompson

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