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Technology

Nicole Casperson
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Auto Finance Technology sponsored by InformedIQ

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GM Financial to pilot dealer-facing digital app 

LAS VEGAS — GM Financial will soon roll out an app for dealers to allow them

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Subprime lender Global Lending Services to be acquired by Sixth Street

Subprime auto lender Global Lending Services announced today that global investment firm Sixth Street will acquire

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Bank of America indirect consumer NCOs dip in Q3 

Credit performance across Bank of America’s direct and indirect consumer portfolio improved in the third quarter

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Subprime market, fraud and AI: 3 themes to watch at Auto Finance Summit 2025 

LAS VEGAS — The subprime market is split as some lenders expand and others shutter or

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Stellantis plans $13 Billion US investment to spur growth

Stellantis NV vowed to invest $13 billion in the US over the next four years as

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TrueCar to go private in $227 million buyout led by founder

TrueCar Inc. agreed to be taken private in an all-cash deal valued at about $227 million,

  • Bloomberg News
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Wells Fargo Auto originations soar 114% with Volkswagen deal 

Wells Fargo Auto’s preferred financing arrangement with Volkswagen contributed to double growth of auto originations year

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Tricolor bankruptcy contributes to $170M in Q3 charge-offs at JPMorgan Chase  

The collapse of subprime auto lender Tricolor contributed to $170 million in charge-offs in the third

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Credit Union Auto Lending Surges

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