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Lender Westlake is using AI to make more auto loans

Westlake Financial is working with Pagaya Technologies Ltd. to make auto loans using artificial intelligence, targeting

  • Bloomberg News
  • September 7, 2023

Average new and used vehicle loan terms tick down in Q2

Average loan terms declined in the second quarter on new and used vehicles as consumers turned

  • Riley Wolfbauer
  • September 6, 2023

CFPB proposes $2.7B settlement against credit repair providers

The number of consumer credit disputes sent to auto lenders may decrease as the Consumer Financial

  • Amanda Harris
  • September 6, 2023

Auto sales cool in August, marking potential tailwind

Auto sales slowed in August but remained healthy, marking a potential tailwind for the automotive industry

  • Joey Pizzolato
  • September 6, 2023

Dealers take on lender relationships at Powersports Finance Summit 2023

Dealership leaders will discuss lender and dealer relations at 1:30 p.m. on Oct. 31 during the

  • Riley Wolfbauer
  • September 6, 2023

Rising rates lead to 68% dip in floorplan interest income

Rising floorplan interest rates and increased expenses are chipping away at dealer floorplan profit generated by

  • Amanda Harris
  • September 5, 2023

Podcast: ‘Weekly Wrap’ on rising delinquencies, dealer consolidation

Late-stage delinquencies were on the rise in the second quarter as the Federal Reserve’s hawkish monetary

  • Joey Pizzolato
  • September 5, 2023

Taming the subprime segment: How alternative data builds profits, reduces risk

Banks, credit unions and captive finance companies have tended to shy away from underwriting subprime auto

  • Bob Metodiev
  • September 5, 2023

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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