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Risk Management

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Auto Finance Technology sponsored by InformedIQ

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Tesla to cut over 10% of workforce in global retrenchment

Tesla Inc. will slash global headcount by more than 10%, Elon Musk wrote in an email

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Wells Fargo Auto originations decline 18%

Wells Fargo Auto tallied a dip in origination volume during the first quarter as the bank’s

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Chase Auto originations tick down 3%

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EV leasing doubles YoY as sales growth slows

The share of leased EVs more than doubled year over year in the first quarter as

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Credit availability improves for second month in row

Auto credit access eased across all lender types in March, with captives loosening the most, marking

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Credit tightening at CarMax Auto Finance paves way for ACL reduction  

Ongoing credit tightening at CarMax Auto Finance paved the way for allowance for credit loss reductions

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Synchrony expands BRP financing relationship

Synchrony Financial is providing promotional financing for Canadian powersports manufacturer Bombardier Recreational Products. The lender on

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BMW leverages AI process mining to improve ops 

BMW has expanded its use of data processing provider Celonis’ AI-based data models to increase efficiency

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Credit Union Auto Lending Surges

David Thompson

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