Tag: risk management

Lucid Motors is reducing its headcount by 1,300, or 18% of its workforce, as the electric vehicle OEM looks to ...

Subprime auto loan borrowers are increasingly falling behind on payments, and the value of used cars is dropping, two trends ...

Subprime lender Arivo Acceptance is ratcheting up the speed and frequency with which it updates its risk models amid current ...

Since being introduced in 1956 by engineer Bill Fair and mathematician Earl Isaac, the Fair Isaac Corporation’s (FICO) scoring algorithms ...

Consumers financing electric vehicles (EV) display similar credit qualities as borrowers financing luxury internal combustion engine (ICE) vehicles, providing a ...

The Federal Reserve continues to raise interest rates to combat rising inflation and dampen the likelihood of a recession, and ...

The Consumer Financial Protection Bureau’s Feb. 28 bulletin on auto repossessions serves as a laundry list of unfair, deceptive or ...

Elevated auction values and credit reserve releases contributed to strong earnings before taxes (EBT) at Ford Credit and increased distributions ...