Risk Management
Auto lenders bullish on EVs amid tax bill cut
Auto lenders expect EV adoption to slow on the heels of the expected elimination of the federal EV tax credit...
Banks tighten auto credit standards, Fed reports
More banks tightened credit standards in the first quarter while consumer demand for auto loans held, though forecasts indicate both...
US retail sales barely rise, suggesting some spending pullback
Growth in US retail sales decelerated notably in April, reflecting consumers pulled back spending on cars, sporting goods and other...
PenFed’s refinance applications up 75%
NASHVILLE, Tenn. — PenFed Credit Union’s volume of auto refinance applications is growing as consumers look for ways to mitigate...
NMAC president: 84-month loan terms ‘inevitable’
NASHVILLE, Tenn. — Captives expect loan terms to remain stretched for the foreseeable future as affordability woes continue. Loan terms...
CPS taps ‘resilient’ customers as originations rise 30.3%
NASHVILLE, Tenn. — In the face of potential market downturns, subprime lenders are looking to identify and lean on their...
New Chase Auto CEO eyes expanding partnerships
NASHVILLE, Tenn. — Chase Auto Chief Executive Leslie Wims Morris identified three focus areas for the company during a fireside...
SCUSA eyes more OEM, large dealer relationships
NASHVILLE, Tenn. — Santander Consumer USA is working to grow its third-party financing relationships with large, franchised dealers and manufacturers. ...
