Tag: Equifax

U.S. auto loan asset-backed securities posted lower month-over-month losses in May for both prime and subprime segments despite weaker vehicle recoveries.  ...

Consumers are slowing purchases and auto lenders are tightening credit standards as auto loan delinquencies and monthly payments continue to ...

PLANO, Texas — Nonprime auto lenders are prioritizing efficiency and digital contracting to speed funding. Of at least 20 lenders ...

Auto originations dipped industrywide, contributing to a slowdown in non-revolving consumer debt even as overall debt climbed through October.  Auto ...

Fintechs picked up auto origination volume but continue to represent a small share of the market as industrywide loan and ...

Early payment defaults escalate auto fraud risk, which doubles when a loan rejected by one lender is later funded by ...

Auto lenders should review their borrower accounts more often to offset the risk of rising delinquencies as consumers face inflationary ...

Consumer credit reporting agency Equifax finished migrating its credit database to the cloud in mid-January as part of a five-year, ...