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Auto Finance News
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Auto lenders embrace AI to balance risk and reward 

Whether increasing deal efficiency or automating credit decisions and assessing risk, AI and machine learning are

  • Ash Savage
  • May 16, 2024

Axis Auto originations down 86% as company eyes sale 

Axis Auto Finance’s auto originations continued to fall in the third quarter as the lender has

  • Amanda Harris
  • May 16, 2024

Supreme Court upholds consumer watchdog’s funding

The US Supreme Court upheld the Consumer Financial Protection Bureau’s funding system, lifting a legal threat

  • Bloomberg News
  • May 16, 2024

Auto finance fraud exposure slips to $7.9B in 2023

Synthetic identity fraud contributed to an estimated $7.9 billion in fraud exposure across the auto finance

  • James Van Bramer
  • May 15, 2024

CPS originations dip 16%, collections improve 

Consumer Portfolio Services‘ originations declined year over year, but the subprime lender’s portfolio grew as it

  • Amanda Harris
  • May 15, 2024

CPS supports efficiency, cost savings through 99% automation 

Consumer Portfolio Services is focusing on document automation to improve efficiency and prevent fraud. Machine learning,

  • Ash Savage
  • May 15, 2024

US inflation ebbs for first time in six months in relief for Fed

A measure of underlying US inflation cooled in April for the first time in six months,

  • Bloomberg News
  • May 15, 2024

Big Wheels: Toyota Financial Services leads industry with $114B in outstandings 

Toyota Financial Services was once again the largest auto lender by outstanding volume in 2023 as

  • Amanda Harris
  • May 14, 2024

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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