Westlake Financial offloaded $100 million in auto subprime loans to HFC Acceptance a week after issuing its first auto asset-backed securitization deal of the year. Westlake announced the sale of self ...

Industrywide auto loan and lease outstandings totaled about $1.78 trillion at yearend 2024, with Toyota Financial Services retaining its top position as the largest auto lender by outstandings.

Wilmington Trust, National Association, a subsidiary of M&T Bank, as trustee for Tricolor Auto, is responsible for facilitating payments and providing protection for noteholders, managing defaults and ...

Auto lenders are identifying operational issues sooner and preparing for challenges that could affect their funding strategies as treasury becomes more of a strategic growth function. Treasury has ...

Bank of America has expanded its dealer network to a record high as it works to connect dealers and consumers through digital tools that aim to speed up transaction times. The bank’s dealer network ...

Fintech powersports lender Octane closed a $350 million forward-flow deal with investment manager Nuveen, the latest in the lender’s efforts to diversify its funding. Octane’s deal spans powersports ...

RideNow Group Inc. secured an additional $35 million in floorplan financing capacity, expanding the company’s liquidity as it ...

Banco Santander SA agreed to acquire Webster Financial Corp. for $12 billion in one of the largest-ever US deals by a European lender. The Spanish bank will pay a total consideration of $75 a share in ...

House lawmakers made public a massive transportation bill Sunday that would impose new fees on electric vehicles as gasoline ...

Chase Auto’s digital strategy separates its performance metrics into three pieces, Head of Retail and Consumer Strategy Rohan ...

The higher cost of living is exacerbating affordability concerns and prompting auto lenders to take a close look at rising delinquencies, asset pricing and innovative programs to get consumers into ...

Stellantis Financial Services’ portfolio includes a smaller share of subprime financing as the captive builds out, Bennie Duck, executive vice president and chief financial officer, said during a ...