BHPH lender Synergy Capital Auto files for bankruptcy
Bogged down by debt, buy-here, pay-here lender Synergy Capital Auto Lending filed for Chapter 11 bankruptcy protection in the Western District of Texas on ...
Tag: Westlake Financial Services
Westlake issues $1.5B subprime ABS deal (Big Wheels)
Subprime auto lender Westlake Financial came to market May 6 amid an industrywide year-to-date increase in auto securitization activity. Westlake ...
Floorplan financiers report rise in dealer fraud
Floorplan financiers are facing an increase in fraudulent activity alongside an uptick in risky behavior and poor performance by dealerships. ...
Westlake Flooring Services portfolio up 20%
Floorplan lenders saw a rise in volume in the first half of the year amid strong sales, but some are ...
Funding diversification key to auto lenders
Auto lenders are tapping diverse funding sources to establish a capital base that supports origination growth and long-term relationships with ...
Auto lenders benefit from capital boost as spreads tighten
An influx of available capital has contributed to tighter spreads and increased lender liquidity, leading to some having excess funds ...
Wells Fargo, Westlake roll out floorplan benefits
Commercial auto lenders are offering benefits to dealers who use them for floorplan financing as inventory builds and costs rise. ...
Under the Hood: Financiers seek creative partnerships to bolster volume
Auto financiers worldwide are extending their reach to boost volume, teaming up with companies to expand credit access for consumers ...
