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CREDIT: Delinquencies Rise, Lenders Tighten Credit
Subprime 60-plus-day delinquencies declined to 4.28% in February, compared with 5.09% in January, according to S&P Global. Year over year, however,...
Shift Considers ‘Virtual Leases,’ President Says
Shift Technologies Inc. is eyeing opportunities in what it calls “virtual leasing” -- a perpetual lease agreement not tied to a...
Bank of America Competes With Chase Auto for Online Direct Space
Bank of America recognizes that it’s not the first to offer a direct auto lending portal for consumers via an app...
Fintech Disruptors Are Coming to Powersports, United Finance Exec Says
United Finance is “looking at possibilities” in fintech and online lending in order to be “ahead of the curve,” Todd...
Will PSA Group Bring Its Carshare Lease Offerings to the U.S.?
PSA Group launched Free2Move Carsharing in Los Angeles last week, positioning the French manufacturer to bring its leasing and fleet management services to...
Commerce Bank Entices Borrowers to Shorten Terms
DALLAS — Commerce Bank isn’t pulling back on its longest loan-term offering of 75 months, but it is “encouraging” deals...
Pelican Restricts Repo Policy Amid Industry Concerns
Pelican Auto Finance LLC has changed two collection and repossession policies in the wake of increased attention from the Federal...
Change in License Terms Poised to Boost Slingshot Finance Volume
Riders in 30 states can now drive a Polaris Slingshot with a valid state driver’s license -- instead of a...
