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Powersports Finance News

Matthew Wood

Auto Finance Technology sponsored by InformedIQ

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Ford Credit, GM Financial industrial banks to be ‘credit positive,’ Moody’s says 

The establishment of industrial banks by Ford Credit and GM Financial is expected to lead to

Santander names McClelland head of U.S. auto business 

Santander Holdings on Jan. 26 appointed David McClelland head of the lender’s U.S. auto business, succeeding

PrimaLend Capital Partners, CEO Mark Jensen sued for $45M

Auto lender and servicer Prime Asset is suing PrimaLend Capital Partners, alleging the buy here, pay

MLB bid allegedly tied to end of Prestige Financial originations

The closure of subprime auto lender Prestige Financial Services’ origination business may have been accelerated by

Prime, subprime auto ABS spreads narrow

Prime and subprime auto asset-backed securities spreads tightened through mid-January compared with the previous two years.

Podcast: Banks’ auto originations rise in Q4

Banks reported growth in auto originations in the fourth quarter as credit performance was mixed. Auto

Nonprime securitized auto loan delinquencies reach highest level in 7 years 

Credit delinquencies across securitized nonprime auto loans reached their highest level in seven years as seasonal

Capital One auto originations up 8.5% 

Capital One Auto Finance’s originations rose year over year in the fourth quarter despite a downtick

Credit Union Auto Lending Surges

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