Head of U.S. Bank Auto Lending Joins Auto Finance Summit Asia Roster

Auto Finance Summit Asia will host John Hyatt, U.S. Bank’s executive vice president of dealer services, on a panel entitled “Taking Your Finance Business to the Next Level” during the inaugural event this year. The summit is set to take place September 5-6 at the Grand Hyatt in Shanghai and will provide networking opportunities and […]

Lenders Scrutinize Dealers as Delinquencies Climb Industrywide

DALLAS — Lenders have been more actively policing their dealer networks, executives said during a panel at the Auto Finance Performance and Compliance Summit. Regions Dealer Services has deactivated “quite a few” dealerships in the past few years since settling into its prime/super-prime niche, said Tom Lazenby, senior vice president and head of dealer financial services […]

US Bank Grows Auto Portfolio at 7.5% Clip in 1Q

U.S. Bank grew its auto portfolio 7.5% year over year to $18.87 billion outstanding, according to the lender’s first-quarter earnings report. The bank has maintained high credit quality in its portfolio with an average Fico score of 774 in its indirect channel, which represented 95% of originations. While delinquencies and charge-offs are on the rise, […]

Multiple Speakers Set to Engage in Performance and Compliance Summit

Auto Finance News is proud to welcome a full slate of diverse speakers to this year’s Auto Finance Performance & Compliance Summit to be held May 9-10 at the Omni Dallas. The speaker faculty has been finalized with two industry veterans opening the first day of the conference for fireside chats about risk and compliance. […]

Speaker Faculty Continues to Grow for Performance & Compliance Summit

Four auto lending executives have joined the Auto Finance Performance & Compliance Summit speaker roster to give their insights on forming seamless and open dealer relationships. The conference will take place May 9-10, at the Omni Dallas. The panel entitled “Dealer Relationship Strategies” will include Doug Decksheimer, vice president and chief marketing officer of Rifco […]

U.S. Bank Marks Entrance Into Digital Auto Lending With AutoGravity

U.S. Bank made its foray into online auto financing last week with the launch of a platform that provides a streamlined application process for users, Tim Sullivan, the bank’s senior vice president and national sales executive for dealer services, told Auto Finance News. In partnership with AutoGravity, the bank created a new platform on USBank.com, giving […]

U.S. Bank Grows Lease Portfolio 29% in 4Q

U.S. Bancorp grew its auto lease outstandings 29% year over year to $7.9 billion in the fourth quarter, the company disclosed in its earnings report Wednesday. Meanwhile, the weighted average Fico for auto leases dipped two points to 782 in the quarter as compared to the same quarter a year prior. “Investments over the past […]

Lenders Scout ‘Dealer-Centric’ Fintech Partners

Lenders will continue to seek fintech partners to increase production and facilitate new product opportunities in 2018, several executives told Auto Finance News, however, banks and credit unions in particular are scouting for “dealer-centric” or “hybrid” platforms. “If you look at technology, we are always looking for internal partners that can bring us better, faster, […]
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