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High Costs Steer Powersports Lenders Away From Kill Switches, GPS Units
Kill switches have become less enticing to lenders amid the Federal Trade Commission’s recent investigation into auto lenders’ use of the...
Beyond Subprime: DOJ Probes BMWFS For Military Compliance
Regulatory enforcement “is not just a subprime credit issue,” in the wake of news that BMW Financial Services is cooperating...
DOJ Finds CFPB Structure Unconstitutional, Sides With Trump
The Department of Justice is backing a proposal that would allow President Donald Trump to replace Consumer Financial Protection Bureau...
Toyota Mulls Carsharing Models for Autonomous Vehicles
Toyota Research Institute is looking into various opportunities within the mobility landscape, with an eye toward developing a rideshare service or...
Startup Powersports Lessor Seeks Series A Funding
CycleOne Financial is seeking an undisclosed amount of funding for the company’s first Series A round, President Logan Riley told...
AutoGravity Eyes Amazon-Like Features For Car Financing
The multi-lender, indirect car-buying platform AutoGravity, is building a data science team that could one day provide car and auto...
Exeter Seeks More Investors With Move to Public Securitizations
Exeter Finance Corp. can now issue public securitizations, said Ben Miller, the company’s senior vice president and treasurer. “One of...
Polaris Originations Rise 10%, Wholesale Receivables Dip 8% in 2016
Polaris Industries Inc. reported a 10% year-over-year increase to $1.1 million in volume of revolving and installment credit contracts written...
