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Wells Fargo Auto originations fall 34% amid tightened credit

Wells Fargo Auto tightened credit in the fourth quarter, contributing to a decline in auto originations

  • Riley Wolfbauer
  • January 12, 2024

Bank of America auto originations fall 10%  

Bank of America’s auto originations dipped in the fourth quarter as credit continued to normalize and

  • Joey Pizzolato
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Doug Timmerman named interim Ally Financial CEO 

Longtime Ally Financial leader Doug Timmerman today was named the lender’s interim chief executive, succeeding Jeffrey

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Big Wheels: EV financing volume outlook flat in next 6 months

Most auto financiers are less optimistic about EV financing volumes in the next six months than

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  • January 11, 2024

Trade organizations tackle add-on product compliance 

Refunds of add-on products following cancellations and voluntary product compliance are some of the biggest pain

  • Amanda Harris
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CFPB auto lending complaints jump 46% in 2023

Consumer complaints submitted to the Consumer Financial Protection Bureau related to vehicle loans and leases increased

  • Riley Wolfbauer
  • January 11, 2024

Hertz to sell 20,000 EVs in shift back to gas-powered Cars

Hertz Global Holdings Inc. plans to sell a third of its US electric vehicle fleet and

  • Bloomberg News
  • January 11, 2024

US inflation accelerates, tempering case for Fed to cut rates

US inflation accelerated in December as Americans paid more for housing and driving, challenging investor bets

  • Bloomberg News
  • January 11, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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