America’s Car-Mart debt deadline extended to June 19
Buy here, pay here retailer America’s Car-Mart has received another extension to address its almost $900 million in debt, according ...
Tag: Premium
SOFR Index rises 4.1% YoY
The Secured Overnight Financing Rate Index, which tracks the cumulative compounded effect of short-term funding costs in capital markets, increased ...
PrimaLend faces second lawsuit over sale of failing BHPH portfolio
Buy here, pay here dealership Simple Auto is suing bankrupt lender PrimaLend Capital Partners, saying it pressured Simple Auto into ...
Retailer West Marine closes 59 stores amid Chapter 11 proceedings
West Marine‘s Chapter 11 bankruptcy could result in as many as 95 shuttered locations, with 59 closures identified to date. ...
Truist names Michael Lyons CEO to replace Bill Rogers
Truist Financial named Michael Lyons its next president and chief executive officer effective Sept. 1, succeeding Bill Rogers as part of a planned leadership ...
Credit Acceptance Corp. Names Joe Billante CFO
Credit Acceptance Corp. has named Joe Billante chief financial officer to succeed Jay Martin. Martin will retire on July 27 after 23 years at ...
Extended terms driving refi applications
Specialty auto refinance lenders’ application volume has been rising as consumers extend their loan terms to drive down monthly payments. ...
Credit access improves as new-car ATP rises 1.2% YoY
Credit access and approval rates improved in May, but access was offset by a drop in subprime share, while new-vehicle prices rose year over year. ...
