![Toyota to Raise Markup Caps Following Early Termination of CFPB Consent Order [FULL DETAILS]](https://www.autofinancenews.net/wp-content/uploads/2018/05/3949070615_462d7da4b6_b.jpg)
Toyota Financial holds cash in excess of funding needs
Toyota Financial Services’ funding sources mirror that of its OEM’s product mix, providing “more resilient free cash flow,” according to ...
Tag: Update
Prime issuers inject $3.6B into ABS market
The auto asset-backed securities market has seen a revival in the last week after nearly a month of no new ...
JP Morgan: Credit losses to hit crisis levels as residual values drop
The negative impacts of the coronavirus crisis on the auto industry will likely put pressure on residual values and increase ...
Consumers delay off-lease returns
Consumers are delaying their off-lease returns as COVID-19 shelter-in-place orders have shuttered dealership doors and limited consumer movement. Some auto ...
Veros Credit to pilot direct lending
LAS VEGAS — Subprime lender Veros Credit is looking to enter direct lending this year and is currently obtaining licenses ...
GM Financial eyes mobile app integration with OEM
LAS VEGAS — GM Financial has its eye on increased symbiosis with General Motors in 2020, Will Stacy, executive vice ...
Auto ABS roundup: Ford Credit, Cap One, Santander, and more
Auto lenders brought more than $6.4 billion in asset-backed securities to market this week, in transactions backed by prime and ...
Fraudster gets 4 years in prison for $1M auto scheme
More than a year after 15 credit unions across the country were hit with a fake car loan scheme, Kimberlie ...
