Harley-Davidson ups loan loss provisions, plans restructure
Harley-Davidson will scale back its motorcycle model offerings and focus on high performing markets during the next five years. The ...
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Q2 powersports sales strong despite low inventory
The coronavirus pandemic spurred powersports sales in the second quarter, but inventory woes continue to plague the industry. Many powersport vehicle dealers saw ...
PNC pumps up allowance for credit losses amid reduced delinquencies
PNC Financial Services is ratcheting up its allowance for credit losses amid the industrywide trend of dwindling delinquency rates in ...
Lenders pivot to case-by-case pandemic deferral programs
When the coronavirus pandemic first took hold in the U.S., auto lenders began offering programs to offset consumer hardship. Although ...
Weekly Wrap: Fintech, CFPB complaints and vehicle values: a closer look [Video]
This week, Auto Finance News took a deep dive into the driving factors behind the goals of two fintech lenders entering the ...
Supreme Court backs President’s power to fire CFPB director
A divided U.S. Supreme Court said the president has broad power to fire the director of the Consumer Financial Protection ...
Fed amends stress test due to COVID-19
COVID-19 is changing the Federal Reserve’s oversight of banks, Randal Quarles, vice chairman of supervision at the central bank, said ...
Wheels & deals: Inside pandemic car buying [Feature]
With dealerships’ doors closed during the pandemic, many consumers have been forced to opt for online shopping and home delivery ...
