Axis Auto Finance originations top $115M in FY 2021
Canadian subprime lender Axis Auto Finance posted another year of growth for fiscal year 2021. Axis logged $115.2 million in ...
Tag: delinquencies
Delinquencies tick up in July as COVID assistance ends
Delinquencies began to rise in June and July following more than a year of record-low delinquency rates amid the COVID-19 ...
Auto lenders brace for ‘payment shock’ as government aid ends
As mortgage forbearance programs come to an end, auto lenders need to be aware of what consumer credit reporting agency ...
Subprime auto lenders prepare for delinquency, NCOs rise as stimulus support ends
Subprime auto lenders are preparing for an imminent rise in delinquencies and net charge-off rates as government stimulus payments come ...
US Bank sees Q4 uptick in delinquencies, NCOs
Despite an uptick in fourth-quarter delinquencies and net charge-offs in its auto portfolio, U.S. Bank has steadily decreased its credit ...
Auto finance industry’s Q3 is a bright spot
The auto industry, overall, saw a stronger performance in the third quarter than leaders expected at the onset of the ...
US Bank shrinks credit reserve, grows digital
U.S. Bank’s third quarter reflected a decline in credit loss provisions, an increase in auto outstandings, tightening of credit standards, ...
Weekly Wrap: Auto industry pulls back on consumer assistance
This week, the auto industry is eyeing potential increases in delinquency rates as long-term deferrals come to an end. Since ...
