Retailers, lenders target automated payments, AI support
Lenders and retailers are focused on automating payments wherever possible and using AI for customer communication and servicing. Retailer Carvana ...
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Subprime lenders see opportunity in recession talks
Subprime lenders are well-equipped to weather a potential recession, auto executives said during last week’s Auto Finance Summit East 2025. ...
What keeps 6 chief risk officers up at night
Technology-driven financial fraud is escalating rapidly, keeping FIs on their toes. Bank Automation News, an Auto Finance News sister publication, surveyed ...
Executive compensation shoots up 48% in 2024
Though base salaries remained relatively flat year over year, higher bonuses and stock awards propelled a 48% boost in auto ...
Charging installations drop as Trump ramps up attacks on EVs
Installation of high-speed chargers across the US fell by more than 21% in the first quarter compared to the year-earlier ...
Auto ABS issuances drop 37.2% YoY in May
As spreads widen and asset-backed securitization issuance declines, lenders are looking to long-term partners and funding diversification. Auto issuances dropped ...
LTV, negative equity concerns escalate with tariffs
Loan-to-value ratios continue to concern auto lenders as vehicle prices rise and macroeconomic conditions threaten affordability. Tariffs are expected to ...
Under attack: The rise of AI-powered fraud in banking
Financial fraud is escalating worldwide. The global cost of fraud and cybercrime is projected to hit $10.5 trillion this year, ...
