New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those ...
The new facility is dedicated to supporting the company’s auto financing activities within both its consumer finance and ...
Creditors of bankrupt auto-dealership lender PrimaLend Capital Partners won a temporary halt of monthly loan payments to a firm controlled by the company’s Chief Executive Officer Mark Jensen.
Subprime auto lending company Flagship Credit Acceptance agreed to sell its business operations and other assets to specialty ...
The auto finance industry has experienced diverse challenges this year including turbulent sales, shifting consumer demands, ...
This week the Federal Deposit Insurance Corp. filed a counterclaim against McLean-based bank Capital One, National ...
Capital One COF is entering a more challenging credit environment as rising net charge-offs (NCOs) and delinquencies signal ...
As the Federal Reserve has lowered interest rates by 50 basis points (bps) this year to counter a weakening labour market and ...