Risk Management
US inflation ebbs for first time in six months in relief for Fed
A measure of underlying US inflation cooled in April for the first time in six months, a small step in...
Overdue bills are rising with US debt delinquencies, Fed survey shows
US household debt has reached a record and more borrowers are struggling to keep up. Overall US household debt rose...
Capital constraints prompt mixed origination outlook
TD Auto Finance and Avid Acceptance expect auto origination volume to be flat to moderately lower for the remainder of...
Podcast: ‘Weekly Wrap’ on underwriting themes at AFS East 2024
Several auto lenders had to adjust their underwriting strategies in 2023 to account for worsening credit performance across loans originated...
Avid Acceptance dips into lower credit tiers after originations plummet 80%
Avid Acceptance has expanded into its lower credit tiers after originations plummeted in 2023 amid a focus on higher-quality applications. ...
Lendbuzz retrains credit models as expansion sees defaults double
AI-based auto lender Lendbuzz’s default rate doubles when the lender expands into a new region, prompting updates to the financier’s...
Biden set to hit China EVs, strategic sectors with tariffs
President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one...
Lenders look to expand subprime reach
Auto industry partners are working to establish lending options that are mutually beneficial to lenders, dealers and subprime consumers amid...
