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Synchrony’s Medrano: High inventory pressures back-end operations 

The combination of high interest rates and elevated inventory levels has applied pressure to the back

  • James Van Bramer
  • October 14, 2024

Barclays buys GM credit-card book After Goldman fumbles tie-up

Barclays Plc is taking over the General Motors Co. credit-card business from Goldman Sachs Group Inc.,

  • Bloomberg News
  • October 14, 2024

Wells Fargo enters co-branded agreement with Volkswagen Financial Services in Q3 

Wells Fargo and Volkswagen Financial Services entered a multiyear, co-branded agreement in the third quarter. “In

  • Whitney McDonald
  • October 11, 2024

Chase originations fall 2% year over year 

Chase Auto’s origination volume fell year over year in the third quarter while delinquencies inched up.

  • Ash Savage
  • October 11, 2024

Bank of America keeps auto capital allocation steady 

Bank of America has “prepared for the worst” by proactively balancing capital needs while achieving positive

  • Amanda Harris
  • October 11, 2024

Octane Lending enters marine market 

LAS VEGAS — Powersports lender Octane Lending announced this week that the company has entered the

  • Ash Savage
  • October 11, 2024

High interest rates taking powersports borrowers ‘out at the knees’ 

LAS VEGAS — Interest rates will need to fall further to make powersports financing more attractive.

  • James Van Bramer
  • October 10, 2024

Ford Credit’s Flex Buy volume to jump 25% 

Ford Credit’s Flex Buy program volume is on track to grow 25% year over year. The

  • Amanda Harris
  • October 10, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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